Paradigm and the Hyperliquid Policy Center said anti-money laundering provisions in the proposed GENIUS Act could push U.S.-regulated stablecoins out of permissionless decentralized finance.
According to NS3.AI, the organizations sent a letter to the Financial Crimes Enforcement Network and the Office of Foreign Assets Control raising concerns about issuer responsibility for secondary market transactions.
The letter focused on how stablecoin issuers could be treated as responsible for transactions that occur after tokens enter secondary markets, a stance the groups warned could restrict the use of regulated stablecoins in permissionless DeFi.
Paradigm and Hyperliquid Policy Center Warn AML Rules in GENIUS Act Could Limit Stablecoins in DeFi
2026-06-10 14:58:28
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
