US Treasury Department says it will not enforce anti-money laundering law

by goplayoutside on 3/3/2025, 8:41:54 AM with 2 comments

  • by nabla9 on 3/3/2025, 8:47:52 AM

    The Corporate Transparency Act (CTA) in question is a federal law enacted in 2021 to combat illicit activity such as tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market.

  • by consumer451 on 3/3/2025, 10:10:04 AM

    This is good for bitcoin.

    Entirely appropriate memes aside, can anyone "steel man" this US treasury decision, for the sake of discussion?