Anchorage Backs GENIUS AML Rules, Seeks Clear Scope

TLDR Anchorage submitted a public comment letter supporting Treasury’s GENIUS AML proposal. The firm backed classifying stablecoin issuers as financial institutions under the Bank Secrecy Act. Anchorage urged clarity on secondary-market sanctions liability tied to smart contract transactions. It argued issuers should not face strict liability for unknown sanctioned users on open networks. The proposal [...]

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