Treasury Proposes Tougher Rules for Stablecoin Issuers
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The U.S. Treasury proposes new rules for stablecoin issuers under the GENIUS Act, requiring anti-money laundering, counter-terrorism financing programs, and sanctions compliance. The FDIC suggests stablecoin holders wont get deposit insurance, but issuer reserves will be protected. Experts see this as a game-changer, turning stablecoin outfits into bank-style gatekeepers with more power to freeze wallets and seize assets. The CLARITY Act for a full digital asset market setup is still pending, and agencies push rules forward, causing friction between innovation and regulation.
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