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Treasury Says Crypto Exchange MEXC Moved at Least $16 Billion Tied to Illicit Activity

24/7 Wall St. | Nov 7, 2026 11:18 AM EST

Treasury is targeting an exchange Americans were never supposed to use, and the real pressure lands on U.S. banks and payment firms. So who actually gains, and why might Coinbase and Robinhood get less than traders expect?

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