US Treasury via FinCEN and OFAC Release Proposed Rule Implementing Key Anti-Money Laundering from GENIUS Act

The US Treasury via FinCEN and OFAC released a joint proposed rule implementing key anti-money laundering (AML), countering the financing of terrorism (CFT), and sanctions provisions from the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), signed into law in 2025. The proposal treats permitted payment stablecoin issuers (PPSIs) as financial institutions

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