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US Treasury Pushes GENIUS Act Forward, Proposes AML and Sanctions Rules for Stablecoin Issuers

The US Treasury is moving ahead with implementation of the GENIUS Act, unveiling a proposed rule that would require stablecoin issuers to adopt anti-money laundering and sanctions compliance programs. The proposal would also obligate issuers to enable the blocking or freezing of specific transactions tied to illicit finance.
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