# 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.

- Published: 2026-06-19T10:44:33.270Z
- Canonical: https://polylog.news/crypto/2026-06-19/us-regulators-propose-bank-style-identity-rules-for-stableco
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/06/18/u-s-agencies-seek-stablecoin-customer-id-rules-akin-to-banks-in-new-genius-act-rule), [Bitcoin Magazine](https://bitcoinmagazine.com/news/federal-reserve-moves-to-close-stablecoin)

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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