Treasury Draft under GENIUS Act Demands Real-Time AML and Freeze Powers for Stablecoins
US Treasury Drops New Rules on Stablecoin Issuers The Treasury just floated draft rules under the GENIUS Act that would force every payment stablecoin issuer to run full AML, sanctions, and counter-terrorism finance programs. Issuers would also have to prove they can instantly block, freeze, or reject any transaction that hits a red flag. The…
