Fed Proposes Customer ID Rules for Stablecoin Issuers Under GENIUS Act Framework

The U.S. Federal Reserve has proposed that certain stablecoin issuers maintain a customer identification program to curb illicit finance risks. This will come under the GENIUS Act framework, with the Fed already calling for comments on this proposal. Ad Ad Fed Calls For Comments On Stablecoin Proposal In a press release, the Fed Board requested