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The U.S. Department of the Treasury proposes establishing a digital asset "freeze safe harbor" mechanism, allowing institutions to temporarily freeze suspicious funds

The U.S. Department of the Treasury proposes establishing a digital asset "freeze safe harbor" mechanism, allowing institutions to temporarily freeze suspicious funds

2026-03-08 08:51

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ChainThink message, March 8: According to Alex Thorn, Research Head at Galaxy Research, the U.S. Department of the Treasury has submitted a report to Congress under the GENIUS Act, recommending that DeFi platforms be explicitly subject to Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) obligations, and proposing the establishment of a "hold law" safe harbor mechanism for digital assets—allowing institutions to temporarily freeze assets during investigations into suspicious transactions without requiring a court order.


The report also reveals that the scale of crypto-related crimes continues to grow; for example, losses from crypto fraud recorded by the FBI in 2024 reached $9 billion.

#DeFi

Disclaimer: Contains third-party opinions, does not constitute financial advice

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