# financial crime

A first-ever U.S. taxonomy from market regulators pushes most digital assets outside securities rules and names 18 tokens as digital commodities, reducing compliance friction for core use cases. Yet human-driven breaches and consumer harms, including a 33% surge in crypto ATM losses and a nationwide ban on a major prediction market in Argentina, highlight custody and opsec gaps. With a leading payments firm acquiring stablecoin infrastructure and corporates shifting treasuries, institutional rails are being built under clearer regimes.