Regulation· ★★★★· bearish·

Briefing: US sanctions A7 Network, weighs bank crypto rules, $117.9M liquidated

  • —OFAC designated A7 Network a transnational criminal organization; FinCEN proposed a rule banning related transfers
  • —Treasury said the network processed over $17 billion from January 2025 through June 2026
  • —CRS offered two approaches for bank crypto operations: leave discretion to regulators or define permitted activities by law
  • —24-hour liquidations hit $117.9 million: $64.02 million in longs and $53.88 million in shorts
Why it matters: The A7 sanctions and pending bank rules will tighten pressure on illicit crypto flows and shape US banks' access to digital assets.
Source: TokenPost
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