Circle CEO: Blockchain technology will help regulators better track money laundering

According to CoinDesk, Circle CEO Jeremy Allaire will attend the US Senate Banking Committee today to review the regulatory framework for the digital currency and blockchain hearings. In the pre-prepared testimony, Allaire said: Congress should pass the policy to figures Assets are defined as a new asset class and have appropriate rules and exemptions for digital assets. This requires legislation that may change our existing commodities, securities and banking laws, etc. Allaire also mentioned that blockchain technology will Help regulators better track money laundering.