
Senators Push Treasury to Include States in Stablecoin Regulation
US Senators are urging the Treasury Department to ensure states can prove their ability to supervise stablecoins, advocating for a key role in federal regulation.

US Senators are urging the Treasury Department to ensure states can prove their ability to supervise stablecoins, advocating for a key role in federal regulation.

Financial giant State Street has introduced a new money market fund tailored for stablecoin reserves, aligning with proposed US regulations.

Anchorage Digital, a regulated crypto bank, supports the Treasury's AML rules for stablecoins but seeks vital clarity on secondary market sanctions.

Leading crypto groups Paradigm and Hyperliquid are advocating for clearer AML rules for stablecoins under the proposed GENIUS Act, focusing on defining responsibility post-transfer.

Major crypto players Hyperliquid and Paradigm are advocating for less stringent anti-money laundering regulations impacting stablecoin issuers under the proposed GENIUS Act.

The acting head of the Office of the Comptroller of the Currency (OCC) staunchly denied claims of political influence during a recent congressional hearing.