GENIUS Act: US Tightens Stablecoins with AML Rules and Freeze Power
US Treasury’s GENIUS Act Proposal Could mean tighter reins on Stablecoins
The US Treasury has floated new rules under the proposed GENIUS Act that would force payment stablecoin issuers to build robust anti-money laundering programs and gain ability to instantly block or freeze transactions. This moves us away from pseudonymous digital cash claims and into regulated territory.
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