🚀 Bitcoin Enthusiasts, Take Note! 🚀

Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has called out U.S. regulators for unfairly targeting the crypto industry in money laundering probes while traditional banks get a free pass. Alderoty highlighted a Wall Street Journal report revealing that some Iraqi banks used the New York Fed’s system to move billions illegally, including funds tied to terrorist groups.

Alderoty argues that agencies like the SEC and the Fed have scapegoated crypto, despite data showing less than 1% of crypto transactions are illicit. Meanwhile, traditional banks reportedly launder up to $2 trillion annually. 🌍💸

Stay optimistic, Bitcoiners! 🌟