Last year, there was a 162% year-over-year increase in illicit crypto flows driven by a 694% jump in value received by sanctioned entities.

The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now.

Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X about illicit crypto flows hitting $154 billion in 2025, adding another dimension to what was already an intensely debated topic on the extent of regulation in digital assets.

Bank Advocates Lean on Crime Data

The timing of BPI’s thread drew attention because…