Senate Approve STREAMLINE Act Wey Dey Raise Reporting Thresholds

Di STREAMLINE Act wey Senator Tim Scott dey lead don pass for US Senate to modernize di 1970 Bank Secrecy Act. E raise di currency transaction report (CTR) threshold from $10,000 go $30,000 and adjust di suspicious activity report (SAR) limits from $2,000–$5,000 to $3,000–$10,000. Di bill still talk say Treasury must review every five years to account for inflation. Under di STREAMLINE Act, banks, credit unions plus cryptocurrency platforms go benefit from reduced AML compliance wahala. Major exchanges like Coinbase and Kraken, together with projects like Ripple and Chainlink, don support equal regulatory treatment. Di proposal now dey go House, but possible government shutdown fit delay di vote. Traders suppose watch for changes for reporting requirement and compliance costs wey fit affect transaction flow and operational overhead for crypto markets.