At the same time, the law includes a requirement for stablecoin issuers to adhere to the Bank Secrecy Act, thus countering any attempts to abuse the digital currency with anti-money laundering and ...

Issuers remain subject to Bank Secrecy Act compliance obligations, including anti-money laundering controls, know-your-customer requirements, and suspicious-activity monitoring.

The votes come after a multiday Republican revolt during "crypto week" over language barring the creation of a central bank digital currency.

“The GENIUS Act creates the necessary legal framework for the payments industry to incorporate stablecoins into existing systems,” Scott Talbott, executive vice president at the Electronic ...

Today, President Donald Trump signs into law the Guiding and Establishing National Innovation for US Stablecoins Act of 2025 (the “GENIUS Act”), establishing the first federal regulatory ...

The US crypto industry is celebrating as Congress passed three major bills in its “Crypto Week” legislative bonanza.

Additionally, the bill would require that digital commodity exchanges, brokers and dealers comply with the Bank Secrecy Act for anti-money laundering and related purposes.

MANILA, Philippines — Several proposed changes to the country’s decades-old Bank Secrecy Law will ensure transparency as it will be modernized while allowing the Bangko Sentral ng Pilipinas ...

The legislation also mandates that digital commodity exchanges, brokers, and dealers are subject to anti-money laundering provisions in the Bank Secrecy Act.

Additionally, it combats illicit activity by subjecting stablecoin issuers to the Bank Secrecy Act, requiring effective anti-money laundering programs and compliance with sanctions.

Clarified anti-money laundering reporting requirements for entities not regulated by the Bank Secrecy Act.