Galaxy Digital has warned that a draft crypto market structure bill released by the US Senate Banking Committee would hand the Treasury Department sweeping new surveillance and enforcement tools, describing it as the largest expansion of financial oversight authority since the US Patriot Act. In a research note published Tuesday, Galaxy said the Senate proposal goes far beyond the House-passed CLARITY Act, particularly on illicit finance provisions. At the center of Galaxyโs warning is a new crypto-specific โspecial measuresโ authority. The authority would allow the Treasury to designate foreign jurisdictions,…
Galaxy Warns Senate Crypto Bill Expands Treasury Surveillance Powers
