Treasury Proposes Rule to Implement the GENIUS Act’s Requirements to Counter Illicit Finance
Promotes American Leadership in Payment Stablecoins WASHINGTONâToday, the U.S. Department of the Treasuryâs Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).  The proposed rule, which implements the GENIUS Actâs anti-money laundering and sanctions compliance program requirements, encourages innovation in payment stablecoins while providing an appropriately tailored regime to mitigate potential illicit finance risks. âPresident Trump is strengthening American leadership in digital financial technology,â said Secretary of the Treasury Scott Bessent. âThis proposal will... [Continue Reading]
360LiveNews | 08 Apr 2026 16:48
