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Chainalysis CEO Jonathan Levin Says Blockchain Can Facilitate Action Against Criminals

  • Chainalysis CEO Jonathan Levin believes that blockchain technology can benefit the United States if regulators embrace its transparency, speed, and programmability.
  • Levin highlighted the importance of a policy framework acknowledging blockchain's unique financial oversight model and the need for public information as the basis for overseeing the system.
  • He emphasized that blockchain enhances the ability to combat illicit activities by swiftly tracking money flow, freezing assets, and seizing them, as illustrated by a case involving collaboration between crypto exchange OKX, stablecoin issuer Tether, and the United States Secret Service.
  • Levin's remarks were part of a Senate Banking Committee hearing focused on blockchain technology and digital assets, aiming to establish a framework providing clarity for innovators and protections for investors.

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