Experts Testify on Bank Secrecy Act Modernization for AI and Digital Assets

Crypto executives, policy researchers, and national security experts recently testified before a House subcommittee to discuss the modernization of the Bank Secrecy Act (BSA) in relation to AI and digital assets. According to NS3.AI, Ari Redbord from TRM Labs highlighted that North Korea stole over $2 billion in digital assets in 2025 and an additional $600 million in early 2026. This hearing occurred two days after U.S. President Donald Trump signed an executive order to expand BSA customer due diligence rules concerning undocumented immigrants.