Treasury Unveils GENIUS Act: Bank-Grade AML Rules for Stablecoins
Treasury Pushes New Rules for Stablecoin Issuers The US Treasury is preparing to unveil the GENIUS Act, a new set of compliance requirements aimed squarely at payment stablecoin issuers. Under the proposal, companies behind tokens like USDC and USDT would need formal AML and sanctions programs capable of blocking, freezing, or rejecting transactions that raise…
