Regulatory Alerts2026-04-08 | 20260408_33Added · Updated
Treasury Proposes Rule to Implement the GENIUS Act's Requirements to Counter Illicit Finance
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control issued a joint proposed rule to implement the anti-money laundering and sanctions compliance provisions of the GENIUS Act. This regulation requires permitted payment stablecoin issuers to adopt and maintain effective sanctions compliance programs to mitigate illicit finance risks. The proposed framework aims to encourage innovation in payment stablecoins while establishing a tailored regulatory regime for these digital assets.