U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
2026-06-18 17:19:19
U.S. regulators including the Federal Reserve and Treasury proposed rules to require stablecoin issuers to verify customers’ identities and keep records, similar to banks, under the GENIUS Act. The proposal is open for a 60-day public comment period, according to CoinDesk, with other agencies involved including the OCC, FDIC, NCUA and Treasury’s financial-crimes arm. Fed Governor Michael Barr said he is concerned the framework may not address illicit finance risks in secondary-market stablecoin transactions.
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.
