Coin Center urges regulators to limit AML rules for stablecoin issuers under GENIUS Act

The groups say issuers, DeFi apps, and validators need clearer limits on who is responsible once stablecoins change hands.

Hyperliquid & Paradigm Warn GENIUS Act Could Kill DeFi The post Hyperliquid News: HYPE and Paradigm Warn US Treasury of GENIUS Act Rule appeared first on 99Bitcoins.

The proposed rules could enhance market stability and investor confidence, potentially boosting U.S. competitiveness in global prediction markets. The post Trump regulators propose new rules for prediction markets appeared first on Crypto Briefing.

New York financial regulators have moved to update the state’s stablecoin rules as the federal government prepares to implement the GENIUS Act, a law that will reshape how payment stablecoins are supervised across the United States. The New York State…

The Hyperliquid Policy Center and Paradigm say the Treasury’s money laundering rules for the GENIUS Act are too onerous for stablecoin issuers.

Hyperliquid and Paradigm ask Treasury to narrow GENIUS Act AML rules they say could push regulated stablecoins away from open DeFi networks.

The Hyperliquid Policy Center (HPC), together with venture capital firm Paradigm, submitted a joint comment to the US Treasury on Tuesday, urging the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) to refine parts of its proposed stablecoin compliance rule tied to the GENIUS Act.  The rule is intended to implement anti-money laundering (AML) and sanctions requirements for “permitted payment stablecoin issuers” (PPSIs), a category the proposal says should be able to innovate in payment stablecoins while operating under an “appropriately tailored” regime designed to manage illicit-finance risk. Narrower Compliance, Less Burden While they did not oppose the overall goal of the framework, Paradigm and the Hyperliquid Policy Center argued that key elements of the proposal need clearer boundaries—especially where compliance obligations may unintentionally spill over into areas that do not fit the GENIUS Act’s structure or Congress’s intent. A maj

The Better Business Bureau’s National Advertising Division has referred Kalshi to regulatory authorities after the prediction market platform declined to participate in a review of its influencer advertising practices. According to a statement published by the BBB’s National Advertising Division…