Coinbase calls for the creation of a "safe zone" for AI and blockchain

Coinbase proposed that the U.S. Department of the Treasury establish “safe harbors” for companies using AI and blockchain analytics tools, arguing that the technology will fall costs and improve accuracy in compliance.

The company emphasizes that current anti-money laundering regulations, such as the Bank Secrecy Act 1970, are outdated, exposing personal data while having limited effectiveness. Coinbase proposes recognizing decentralized ID, zero-knowledge proof, and analyzing blockchain transactions instead of solely relying on traditional bank reports.

At the same time, Coinbase calls for increased public-private cooperation through sandboxes to test new compliance models before issuing official regulations, prioritizing outcomes over rigid rules. This contrasts with the recent proposal from the Senate aimed at controlling DeFi.