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Treasury Urges Congress to Give Crypto Platforms Power to Freeze Suspicious Funds

Decrypt – AI|Vince Dioquino|March 9, 2026 at 03:38 AM

Treasury Urges Congress to Give Crypto Platforms Power to Freeze Suspicious Funds — image 2

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🤖AI Summary

The U.S. Treasury is proposing legislation that would authorize cryptocurrency exchanges to temporarily freeze suspicious funds while law enforcement obtains proper warrants. This proposal aims to provide legal protection for exchanges taking preventive action against potentially illicit crypto transactions.

Key Takeaways

→Treasury seeks congressional approval to let crypto exchanges freeze suspicious funds temporarily.
→The proposal would provide legal cover for exchanges acting before warrants are secured.
→This represents increased regulatory cooperation between government and crypto platforms.
→The measure aims to combat illicit cryptocurrency transactions more effectively.
→Exchanges would have protection from liability when freezing potentially suspicious crypto assets.

#treasury #congress #crypto-exchanges #regulation #compliance #suspicious-funds #law-enforcement #warrants #legal-protection

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