🔔US Treasury is all set to amp up anti-money laundering & counter-terrorism efforts around digital assets as part of its broader strategy to combat illicit financing. The 2024 strategy includes sanctions against certain exchanges, settlement with Binance & warnings about scams.🔍

The strategy's four priorities? Closing gaps in regulations, supporting a risk-focused framework, boosting law enforcement effectiveness, and leveraging tech innovations.💡

The plan also includes potential updates to the US regulatory framework and global implementation of Financial Action Task Force standards.🌐

The Treasury will keep an eye on how digital asset payments, including DeFi, are evolving, provide technical assistance to Congress, and seek more funding for the Financial Crimes Enforcement Network and Office of Foreign Asset Control.💰

What's your take on this? How will this impact the crypto market? Let's discuss!👇 #CryptoNews #USRegulation #Blockchain