Hyperliquid, Paradigm Urge Treasury to Revise AML Rule

TLDR Paradigm and Hyperliquid Policy Center urged the U.S. Treasury to revise the proposed AML rule for stablecoin issuers. The groups argued that secondary market liability would impose obligations issuers cannot control. They supported FinCEN’s focus on primary market compliance where issuers know their customers. The letter asked regulators to narrow the definition of stablecoin [...]

The post Hyperliquid, Paradigm Urge Treasury to Revise AML Rule appeared first on Blockonomi.