Word on the street: Washington's gearing up to revamp the entire anti-money-laundering framework. The current system—designed to catch drug cartels, terror financing, and criminal syndicates—has become a headache for traditional banks. They're burning through compliance budgets while regulators question whether it's even working.

The financial institutions have been vocal: too much cost, not enough results. Now the administration's looking at a full overhaul. Could this reshape how compliance works across both traditional finance and crypto? The rules that banks wrestle with today often trickle down to digital asset platforms tomorrow.

If they streamline these regulations, we might see shifts in how exchanges and DeFi protocols handle reporting requirements. Worth watching how this plays out.