GENIUS Act Puts AML/CFT Teeth in Stablecoins, Reshaping Crypto Markets
US Treasury’s GENIUS Act Targets Stablecoins in War on Illicit Finance The US Treasury is rolling out proposed rules under the GENIUS Act that force stablecoin issuers to build ironclad AML/CFT programs and sanctions compliance, empowering them to block, freeze, or reject suspicious transactions. This move aims to choke off crypto’s use in money laundering…
