Jito Labs executive: Financial institutions can operate compliantly on permissionless blockchains

Rebecca Rettig, COO and Chief Legal Officer at Jito Labs, stated in an a16z crypto article that financial institutions can maintain compliance with the Bank Secrecy Act and sanctions laws on permissionless blockchains. The article argues that regulations require reasonable controls rather than total infrastructure control. It notes that technologies like zero-knowledge proofs allow institutions to prove compliance without disclosing sensitive client data, aligning with the principles of the GENIUS Act.