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Federal Regulators Want Stablecoins to Keep Working Without ID Checks

The banks aren't going to like this.

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gizmodo.comStai leggendo1 mese fa

Federal Regulators Want Stablecoins to Keep Working Without ID Checks

Regulators proposed KYC for direct stablecoin transactions while allowing peer-to-peer secondary-market transfers without issuer tracking under the GENIUS Act. The tiered approach enables mainstream adoption without the 'nearly impossible' universal KYC that regulators identified as potentially market-crippling.

originale

cointelegraph.com1 mese fa

US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

A rule related to the implementation of the GENIUS Act will be open to public comment for 60 days, proposing that stablecoin issuers verify user identities in accordance with the Bank Secrecy Act.

Timeline cronologica

giovedì 18 giugno 2026·coindesk.com
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.
giovedì 18 giugno 2026·zerohedge.com
Fed Moves To Close Stablecoin Loopholes With New Customer ID Rules
...Powell supports, Warsh abstains.

Federal Regulators Want Stablecoins to Keep Working Without ID Checks

US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Timeline cronologica

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule

Fed Moves To Close Stablecoin Loopholes With New Customer ID Rules

Fed Moves To Close Stablecoin Loopholes With New Customer ID Rules

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule

US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Federal Regulators Want Stablecoins to Keep Working Without ID Checks