But in a world where the blockchain transactions are truly untraceable, the significant anti-money laundering (AML) rules and regulations built up since the 1970s, and the expanded anti-terrorist financing (CFT, or countering the financing of terrorism) processes put in place since the 2000s, may become toothless. The status quo among crypto, law-enforcement and national-security communities will turn into open conflict.
Source: https://www.coindesk.com/consensus-magazine/2023/05/22/sen-warrens-bill-signals-crypto-is-headed-for-a-clash-with-national-security-interests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines