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Morning Edition · Friday, June 19, 2026Published at 6:44 AM EDT · New York
US Regulators Propose Bank-Style Identity Rules for Stablecoin Issuers
A draft rule under the GENIUS Act would require customer verification before issuance or direct redemption.
The Federal Reserve, the Treasury, and other US agencies issued a proposed rule that would apply bank-style identity checks to stablecoin issuers. Under the draft, written to implement the GENIUS Act, issuers would have to verify customer i…
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