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U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it's now open for public comments.
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theblock.co
Bipartisan senators push Treasury to uphold states' authorities under the GENIUS Act
A group of bipartisan senators pressed the Treasury Department to preserve states' ability to regulate stablecoins.
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coindesk.com
U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process
Senators led by Republican Cynthia Lummis are insisting the Treasury Department ensure states get a process to prove their ability to supervise stablecoins.
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cointelegraph.com
Senators Urge Treasury Ensure State Authority in GENIUS Rules
US senators have told the Treasury to ensure its implementation of the GENIUS Act doesn’t leave behind the states, which will be tasked with regulating some stablecoin issuers.
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cryptobriefing.com
Fed proposes bank-like identification standards for stablecoin issuers
The Federal Reserve and FinCEN propose customer identification requirements for stablecoin issuers under the GENIUS Act, opening a public comment period.
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Federal Reserve rolls out proposing rulemaking requiring stablecoin issuers to maintain customer identification program
The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
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bitcoinmagazine.com
Federal Reserve Moves To Close Stablecoin Loopholes With New Customer ID Rules
The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money…
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Federal Reserve proposes new stablecoin rules requiring customer screening under GENIUS Act
The Federal Reserve proposed new rules requiring stablecoin issuers to screen customers under the GENIUS Act. Powell supports the move while Warsh abstains.
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news.bitcoin.com
Fed Joins 4 Agencies to Demand ID Programs From Payment Stablecoin Operators
The Fed and 4 agencies propose KYC rules for payment stablecoin issuers as Gov. Barr flags GENIUS Act illicit finance gaps.
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U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it's now open for public comments.
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gizmodo.com
Federal Regulators Want Stablecoins to Keep Working Without ID Checks
The banks aren't going to like this.