TRM Labs' Ari Redbord told Congress the 1970 Bank Secrecy Act can't combat AI-driven crypto crime, citing $2B in North Korean thefts and a 500% scam surge.

A House subcommittee hearing exposed a divide over how far to scale back the 1970-era anti-money laundering law as Trump expands its reach.

TRM Labs' Ari Redbord told Congress the 1970 Bank Secrecy Act can't combat AI-driven crypto crime, citing $2B in North Korean thefts and a 500% scam surge.