On April 8, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The rule would require payment stablecoin issuers to treat them as financial institutions under the Bank Secrecy Act and impose anti‑money‑laundering and sanctions‑compliance obligations. The Treasury says the measures aim to support innovation in payment stablecoins while mitigating illicit‑finance risks. FinCEN and OFAC invite public comments on the proposal, which will be published in the Federal Register in the coming days.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.