The U.S. Treasury Department has announced new guidelines for companies that issue stablecoins. These guidelines detail how firms need to prevent and manage risks related to illegal financial activity, as required by the GENIUS Act.
Summary
- Treasury has proposed AML and sanctions rules that will bring stablecoin issuers under Bank Secrecy Act compliance.
- Issuers are required to build systems to block, freeze, or reject transactions and have appointed a US based compliance lead.
The department announced Wednesday that it’s working on new rules to put the law into practice. These rules are being developed jointly by its Financial Crimes Enforcement Network and Office of Foreign Assets Control.
This idea comes from the GENIUS Act, which became law in July 2025. Officials are still developing the specific rules needed to put the law into effect.
The new plan would require companies issuing stablecoins to actively prevent money laundering, terrorism financing, and ensure they comply with sanctions. They’ll also need systems to spot and respond to potentially illegal activity, giving them the power to stop suspicious transactions if needed.
Regulators are now treating stablecoin companies much like traditional banks and financial institutions. This new framework requires them to help with law enforcement’s efforts to find and prevent financial crimes, similar to requirements already in place for banks under the Bank Secrecy Act.
Additionally, every issuer needs to name a specific person to oversee their compliance systems. This person must be based in the U.S. and have a clean financial record, meaning no history of issues like fraud, cybercrime, or illegal insider trading.
Treasury Secretary Scott Bessent stated that President Trump is working to make the U.S. a leader in digital financial technology. He explained that the new proposal aims to safeguard the American financial system from security risks while still allowing U.S. companies to innovate in the growing stablecoin payment space.
FinCEN has opened a 60-day public comment period for feedback on the proposed rules.
GENIUS Act enforcement begins to take shape
Several government agencies are putting the GENIUS Act into action. Recently, FinCEN and OFAC shared their plans, building on proposals from the Federal Deposit Insurance Corporation and earlier instructions from the Office of the Comptroller of the Currency.
The FDIC stated that stablecoin owners won’t be directly covered by deposit insurance. However, the funds held in reserve to support those stablecoins *would* be protected.
Talks are also happening about how federal and state governments will work together to oversee companies, especially smaller ones. These smaller companies might be supervised by state authorities if they meet certain requirements.
Read More
- All Skyblazer Armor Locations in Crimson Desert
- How to Get the Sunset Reed Armor Set and Hollow Visage Sword in Crimson Desert
- All Shadow Armor Locations in Crimson Desert
- One Piece Chapter 1180 Release Date And Where To Read
- Marni Laser Helm Location & Upgrade in Crimson Desert
- All Helfryn Armor Locations in Crimson Desert
- All Golden Greed Armor Locations in Crimson Desert
- All Icewing Armor Locations in Crimson Desert
- How to Beat Stonewalker Antiquum at the Gate of Truth in Crimson Desert
- Legendary White Lion Necklace Location in Crimson Desert
2026-04-09 08:54