@jumocrypt
50 years ago, $10,000 could buy you a house. 🏡
Today, it just gets flagged as “suspicious activity.”
That’s finally changing.
Congress just introduced the STREAMLINE Act, aiming to modernize AML rules under the Bank Secrecy Act for the first time in half a century.
Why this matters:
âś… The $10K threshold for transaction reports? Going up to $30K.
âś… SAR thresholds getting a long-overdue lift.
âś… Reporting limits will finally adjust with inflation.
This could be a game-changer for crypto and fintech with less red tape, fewer false alarms, smarter enforcement.
Real AML works when efforts are focused where the risks are highest, not just where the data is easiest to collect.
It’s wild that it took 50 years to update a number but maybe this is the moment where regulation starts catching up to reality.
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