Best Crypto to Buy Now as FATF Seeks More Crypto Oversight

Just as the world’s regulations are taking a step towards a more progressive direction, the Financial Action Task Force, a global financial crime watchdog, has urged governments to improve crypto oversight to combat illicit finance in crypto assets.

The task force says that despite there being a lot of progress in this direction since 2024, there is still a lot to do.

This conversation could lead to better laws emerging, potentially creating upsides for the cryptocurrency market, which makes it the right time to find the best crypto to buy now.

Stronger Action Needed to Combat Illicit Finance – FATF

“Borderless nature of crypto leads to regulatory failure in one jurisdiction to spread across the globe,” this is the rationale of FATF, and it is right. The borderless nature of the cryptocurrency ecosystem can spill over to a global threat.

Thankfully, more and more jurisdictions have understood it. Forty out of 138 jurisdictions are compliant with FATF’s crypto standards, which is higher than 32, which was the count last year.

Heightening the importance of FATF’s message is the increased number of criminal activities. Illicit crypto wallet addresses received up to $51 billion, according to Chainalysis. Out of this, $40.9 billion was received by illicit addresses, and $10.8 billion was received by “illicit-actor org.” “Illicit-actor org” is an umbrella term for wallets of services and individuals both directly committing cyber crimes like hacking, extortion, trafficking, or scams, as well as those facilitating this activity.

It is important to note that this is not the first warning by FATF. Another warning was issued in April about this matter, which highlighted the risk cryptocurrency posed to financial stability. The wariness was coupled with caution about the US’s progressive regulations aimed at removing barriers between crypto and the traditional banking sector.

“EU financial markets are, as we speak, under severe strain coming from the broader political and geopolitical developments,” ESMA Executive Director Natasha Cazenave said in a speech to the European Parliament held in April.

What’s Governments Doing to Tackle Crypto Crimes?

So, where do the world’s jurisdictions stand on this issue right now?

As for the Financial Action Task Force, a Recommendation 16 update emerged to create a “Travel Rule.” This rule mandates that virtual asset service providers (VASPs) collect and share sender/recipient data, and it will be enforced by 2030.

Turkey has been receptive to this rule and has introduced new AML rules on crypto withdrawals, including 48 to 72-hour delays if the Travel Rule isn’t met.

In the US, individual regulators like Freddie Mac and Fannie Mae consider borrowers’ crypto holdings when assessing loan risk.

However, the battle between progressive laws and oversight is ongoing, where enforcing a progressive law can diminish oversight.

For instance, the US passed a resolution using the Congressional Review Act to revoke a Biden-era rule that would have required DeFi platforms to report detailed customer transaction data to the IRS starting in 2027.

Concerns are also emerging from crypto deregulation moves in the Trump administration. This has led the Securities and Exchange Commission (SEC) to pause major enforcement actions against Ripple, Coinbase, Justin Sun, Binance, and many others. Additionally, the DOJ’s crypto fraud enforcement unit has been disbanded.

The new FIT21 Act and the Digital Asset Market Act, which were designed to divide regulatory power between the CFTC and SEC, have generated concerns that this divide could result in regulatory gaps.

The recent GENIUS Act also has a trade-off. While the act would formalize stablecoin oversight, critics have argued that it’s too lightweight and embeds conflict-of-interest exemptions.

The dissonance between the regulations does create issues, but it also brings opportunities. Governments trying to find a balance between making crypto accessible while also keeping criminals in check could create stronger, customer-friendly regulations.

Best Crypto to Buy Now

As progressive regulations start to develop that also focus on driving down illicit financial activities, better investment opportunities could emerge. For now, however, smart money says invest in proven assets that are untouched by the market’s volatility.

BTC Bull

BTC Bull stands as a strong pick amidst the global regulatory upheaval because of its simple nature. Simply a meme coin following Bitcoin’s speculation model, BTC Bull is a social movement token focused on bringing more eyes to Bitcoin and letting meme coin investors gain from the BTC price growth.

Central to this ecosystem is unlocking token burns and Bitcoin airdrops whenever the Bitcoin price hits the right benchmark.

The rationale of this unique mechanic is to directly influence the BTC Bull price action while taking advantage of Bitcoin’s momentum. A simple premise in all terms, BTC Bull still stands out as a strong asset because of its solid fundamentals and honest image.

The fact that BTC Bull holders can get access to free Bitcoin has been cited as one of the reasons by Cryptonews to highlight this project as a “super 100x presale.”

SUBBD

For investors looking for a more utility-driven pick, SUBBD comes off as a strong option. The utility crypto powers a content creation platform modeled after OnlyFans. However, the difference here is that investors get an AI advantage.

Creators can leverage AI-powered tools to create and manage content while featuring their own real images. At the same time, fans of these creators can collaborate with them in unique, AI-driven ways.

SUBBD also features tools involving an AI influencer, in which users can essentially create their own AI influencer with unique looks, traits, moves, and even personalities.

Another positive aspect of this project is the staking reward. While it is fixed at 20%, it is still a good option since SUBBD is a utility crypto that has already gained a large following.

Snorter

Snorter is a Solana-based crypto trading bot accessible on Telegram and used to find and invest in Solana-based tokens automatically. An automated sniping tool, Snorter comes equipped with multiple security features including MEV protection, honeypot protection, and rugpull protection.

Being accessible on Telegram means it becomes available to users easily, which further bolsters its chances of exploding on the price charts once it finally launches on exchanges.

Adding more flair to this ecosystem is the memetic approach, which features a new icon: an aardvark.

Simple, funny memes have been featured on the platform’s official Twitter page, which further gives weight to Snorter’s viral potential.

Conclusion

The FATF seeking more crypto oversight necessarily means that governments may have to take additional steps to combat illicit financial activities committed using cryptocurrency. But this would also mean rethinking the “total freedom” approach that governments have taken to promote cryptocurrencies.

In light of this, the best crypto to buy now is one that stands tall for its utility or viral potential, while still aligning with the security ethos set by major regulatory bodies.

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