Two major banking trade groups are warning that new stablecoin rules could leave real gaps in how money laundering and sanctions risks …
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Tag:
Genius
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On the eve of the $GENIUS Act’s first anniversary, the stablecoin market holds about $310 billion, including roughly $184 billion in $USDT …
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Regulation
DigitalChamber Celebrates One Year of GENIUS Act — What This Could Unlock
by shayaanby shayaanThe Digital Chamber recently hosted an event to celebrate the first anniversary of the $GENIUS Act. This milestone marks a significant moment …
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The stablecoin-focused GENIUS Act became a law a year ago. www.coindesk.com
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Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or …
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Regulation
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
by shayaanby shayaanThese standards, according to the rule proposal, “must include reasonable procedures for: (1) verifying the identity of any person seeking to open …
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Markets
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch
by shayaanby shayaanThe Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it’s now open for …
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Markets
U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process
by shayaanby shayaanSenators led by Republican Cynthia Lummis are insisting the Treasury Department ensure states get a process to prove their ability to supervise …
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State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve …
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Regulation
Federated Hermes launches money market fund for GENIUS Act stablecoin reserves
by shayaanby shayaanFederated Hermes has launched a new money market fund designed for stablecoin reserve management, introducing a product that can be used by …
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