Crypto, Banks, Policy Experts Press Congress to Modernize Bank Secrecy Act

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In brief TRM's Global Head of Policy @ARedbord testified today before the House Financial Services Subcommittee on 𝐌𝐨𝐝𝐞𝐫𝐧𝐢𝐳𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐒𝐀 𝐟𝐨𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝟐𝟏𝐬𝐭 𝐂𝐞𝐧𝐭𝐮𝐫𝐲. His message: As threat actors are moving at machine speed,… pic.twitter.com/93sw6zhld8 — TRM Labs (@trmlabs) May 21, 2026 What is the Bank Secrecy Act? Today I chaired the Financial Services Subcommittee on National Security & Illicit Finance. The hearing focused on modernizing the Bank Secrecy Act, which has governed AML reporting since 1970. After 55 years, the BSA produces mountains of paperwork that invade Americans'… pic.twitter.com/7RaLKgXh16 — Rep. Warren Davidson (@Rep_Davidson) May 21, 2026

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