For decades, our government has counted primarily on the nation’s banks to identify suspicious activity and assist law enforcement and national security agencies in fighting criminals and terrorists. Executing that responsibility requires tens of thousands of bank employees and countless man-hours. But cryptocurrencies and stablecoins are increasingly becoming the coin of the realm for money launderers and terrorist financers. And unlike banks, crypto companies do not have the same obligations under current law to protect the financial system from those abusing it. Congress has an opportunity to fix this disparity via market structure legislation, and it is imperative that it seize this opportunity to protect crucial U.S….







