Federal Stablecoin Proposals Target $320B Market With Bank-Like Burdens

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Three federal agencies proposed rules that would make stablecoin issuers run bank-like compliance programs in a market worth roughly $320 billion. Treasury, the OCC and the FDIC proposals cover anti-money-laundering controls, sanctions programs, reporting duties and Bank Secrecy Act obligations. The proposals are not adopted yet, but the GENIUS Act implementation phase could favor larger issuers with stronger compliance capacity.
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