Anchorage Digital, Paradigm, and the Hyperliquid Policy Center have called on the Treasury Department to address uncertainties in proposed stablecoin anti-money laundering rules under the GENIUS Act.
Anchorage Digital urged the Treasury to clarify stablecoin sanctions liability and compliance requirements. The firm expressed support for the overall GENIUS Act AML framework while seeking more precise guidance. Paradigm and the Hyperliquid Policy Center pushed back on the rules. They stated that issuers, DeFi apps, and validators require clearer limits on responsibility once stablecoins change hands. The groups told the Treasury that stablecoin issuers cannot meaningfully police the markets as proposed. They urged revisions to the GENIUS Act rules to better define obligations.
