TRM Labs: 99% of stablecoin activity last year was legal transactions

Odaily Planet Daily News - The latest report released by cryptocurrency analysis company TRM Labs on Tuesday showed that 99% of stablecoin trading activities in 2024 were "legal." This is particularly noteworthy considering that TRM also claims that stablecoins currently account for more than 60% of all cryptocurrency trading volume, indicating that the connection between cryptocurrencies and criminals is at least slightly exaggerated. However, TRM also stated that stablecoins account for 60% of illegal transactions in the entire crypto ecosystem. In its first quarter of 2025 crypto crime report, it was also found that despite the increase in attention to privacy coins, stablecoins are still the asset of choice for illegal activities such as terrorist financing. It is reported that the GENIUS Act, one of the most comprehensive stablecoin legislation in the United States to date, will be submitted to the Senate for deliberation on Tuesday and is expected to be passed. (The Block)