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The Hyperliquid Policy Center and crypto investment firm Paradigm are calling on the Treasury Department to revise anti-money-laundering requirements tied to the GENIUS Act, the stablecoin bill advancing through Congress.
Both organizations argue the current draft rules place an excessive compliance burden on stablecoin issuers.
The pushback marks an early industry pressure campaign against regulatory language that could define how stablecoin businesses are permitted to operate under U.S.
What the GENIUS Act Is — and Why the AML Rules Matter The GENIUS Act — short for Guiding and Establishing National Innovation for U.S.
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