Catholic Groups Oppose Blockchain Regulatory Certainty Act Over AML Concerns

A major U.S. crypto policy proposal, the Blockchain Regulatory Certainty Act, is facing renewed opposition from lawmakers, advocacy groups, and policy stakeholders over concerns that it could weaken anti-money laundering (AML) safeguards.

Catholic organizations have formally raised concerns with Senate leaders, warning that the proposed legislation could unintentionally create vulnerabilities for illicit financial activity.

The coalition of Catholic groups argues that gaps in regulatory oversight could be exploited by traffickers and transnational criminal networks seeking to use blockchain-based systems to move funds across borders with reduced scrutiny.

The debate is intensifying in Washington as regulators, industry participants, and advocacy groups clash over how to balance innovation with compliance in the rapidly growing cryptocurrency industry.