US Anti-Money Laundering Rule Revision Urged by Cryptocurrency Advocates

Paradigm, a prominent player in the cryptocurrency space, has joined forces with Hyperliquid to voice concerns over a proposed anti-money laundering (AML) rule by the US government.

The new regulation aims to strengthen AML measures for digital asset transactions. However, Paradigm and Hyperliquid argue that the current framework could inadvertently stifle innovation in the industry.