Paradigm, Hyperliquid Policy Center Push Back on GENIUS Act Stablecoin AML Rule
The groups say issuers, DeFi apps, and validators need clearer limits on who is responsible once stablecoins change hands.
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Hyperliquid, Paradigm urge revision of GENIUS money-laundering rule
The Hyperliquid Policy Center and Paradigm say the Treasury’s money-laundering rules for the GENIUS Act are too onerous for stablecoin issuers.