Bank Policy Institute and Clearing House Urge Stablecoin AML Rules Cover Secondary Markets on June 10

The Bank Policy Institute and The Clearing House released joint comment letters on June 10, urging U.S. regulators to clarify oversight of stablecoin transactions after issuance. The trade groups argued that current anti-money laundering requirements fail to impose sufficient obligations on DeFi firms, digital asset custodians, and exchanges, with most illicit activity occurring in secondary markets after tokens leave issuers. The groups called for regulators to move away from "check-the-box compliance" and focus on higher-risk activity.
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