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The urgency conveyed in the letter reflects a growing consensus among U.S. leaders that the regulatory framework surrounding cryptocurrencies needs strengthening to address the sophisticated methods rogue nations employ to evade sanctions.
Mike Dalton 3 min read 
New information from the Consensys legal action against the SEC showed that the regulator began its probe into Ethereum's security status last year.
Uniswap navigates SEC scrutiny while reinforcing its role as a stabilizing force in the DeFi sector.
The new measures aim to disrupt the financial networks of organized crime groups that increasingly exploit cryptocurrencies to launder money.
A recent court decision denied Custodia's right to a master account.
The lawmakers raised the alarm in an April 26 bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas.
According to the notice, users could see financial disruptions and losses amid enforcement efforts.
TFL called the development "frustrating" and said it is "against geoblocking as a matter of principle" but has no choice but to adapt.
Europe's crypto ecosystem braces for impact as new stringent AML regulations signal tighter KYC norms and oversight.
