The Crisis of Anti-Money Laundering Regulations: New Opportunities in the Crypto Market

Recently, the CEO of Coinbase spoke out on Twitter, strongly criticizing anti-money laundering (AML) regulations, pointing out that these policies not only fail to effectively intercept illegal funds but also cause difficulties for legitimate users, even leading to the phenomenon of debanking. He cited United Nations data, shockingly informing everyone that over $213 billion is spent globally on anti-money laundering enforcement each year, but the actual interception of illegal funds is less than 0.2%! He proposed that this work could be handed over to the Government Efficiency Committee (DOGE) led by Trump and Musk to let professionals handle this tricky issue.

In this situation, banks are forced to enforce self-discipline, resulting in many legitimate accounts suffering from unfair impacts. When financial institutions are under pressure from hefty fines, they often choose to "prefer to mistakenly kill than let go," leading many crypto operators to be forced to sever ties with banks due to "risk considerations."

It is emphasized that the establishment of anti-money laundering regulations should include sunset clauses, so that these regulations automatically expire after 5 to 10 years unless Congress re-evaluates them, thus avoiding the difficulty of correcting long-term ineffective policies.

In this context, Marvin is like a rising star, with a market value that has already surpassed $15 million, demonstrating incredible growth potential! As a concept token associated with Musk, Marvin not only shines in the digital asset space but is also dedicated to creating a warm blockchain world.

The Marvin community seeks not only economic returns but also hopes to use blockchain technology to promote social change. The recently launched profit-sharing mechanism NFT allows each holder to enjoy surprise dividends weekly and supports charitable projects. Every transaction is not only financial growth but also a warm contribution to society.

Let us pay attention to Marvin together and witness how this community full of human touch creates real impact in the crypto world, embracing infinite possibilities for the future!

Please recognize #Marvin , last four digits of ETH chain 7055

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