Treasury Proposes Rule to Implement the GENIUS Act’s Requirements to Counter Illicit Finance

Reported by U.S. Department of the Treasury (Originally appeared via: https://home.treasury.gov/news/press-releases/sb0435) The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).  The proposed rule, which implements the […]