The U.S. Department of the Treasury recommends establishing a "Frozen Safe Harbor" mechanism for digital assets, allowing institutions to temporarily freeze suspicious funds.

2026-03-08 03:15:32

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Mars Finance News, March 8 — According to Galaxy Research Director Alex Thorn, the U.S. Department of the Treasury submitted a report to Congress under the GENIUS Act, recommending that DeFi be explicitly required to undertake anti-money laundering and counter-terrorism financing (AML/CFT) obligations. The report also suggests considering the establishment of a “hold law” safe harbor mechanism for digital assets, allowing institutions to temporarily freeze assets during investigations of suspicious transactions without a court order. The report further reveals that the scale of crypto crimes continues to grow, with FBI records showing crypto scam losses reaching $9 billion in 2024.

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