{"id":70841,"date":"2026-04-08T18:42:43","date_gmt":"2026-04-08T18:42:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/treasury-proposes-stablecoin-aml-rules-as-bessent-vows-to-protect-us-financial-system-crypto-news-bitcoin-news\/"},"modified":"2026-04-08T18:42:43","modified_gmt":"2026-04-08T18:42:43","slug":"treasury-proposes-stablecoin-aml-rules-as-bessent-vows-to-protect-us-financial-system-crypto-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/treasury-proposes-stablecoin-aml-rules-as-bessent-vows-to-protect-us-financial-system-crypto-news-bitcoin-news\/","title":{"rendered":"Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System \u2013 Crypto News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>FinCEN and OFAC issued a joint NPRM on April 8, 2026, requiring <span>stablecoin<\/span> issuers to comply with Bank Secrecy Act obligations.<\/li>\n<li>The GENIUS Act, enacted July 18, 2025, gives issuers like Circle and Tether roughly 60 days to submit public comments.<\/li>\n<li>Permitted payment <span>stablecoin<\/span> issuers must deploy technical controls to block, freeze, and reject transactions violating U.S. sanctions.<\/li>\n<\/ul>\n<h2>New Federal Rules Require <span>Stablecoin<\/span> Issuers to Block Sanctioned Transactions<\/h2>\n<p>The joint <a href=\"https:\/\/www.fincen.gov\/system\/files\/2026-04\/PPSI-AMLCFT-NPRM.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Notice<\/a> of Proposed Rulemaking from the Financial Crimes Enforcement Network and the Office of Foreign Assets Control implements key provisions of the Guiding and Establishing National Innovation for U.S. <span>Stablecoins<\/span> Act, signed into law on July 18, 2025. The proposal formally classifies permitted payment <span>stablecoin<\/span> issuers, or PPSIs, as financial institutions subject to the Bank Secrecy Act.<\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/fdic-moves-genius-act-from-law-to-practice-with-stablecoin-rules\/\">GENIUS Act<\/a> established the first comprehensive federal framework governing payment <span>stablecoins<\/span> in the United States. It restricts issuance to federally or state-supervised entities and directs Treasury to tailor compliance obligations to the size and risk profile of each issuer.<\/p>\n<p>Under the <a href=\"https:\/\/www.fincen.gov\/system\/files\/2026-04\/PPSI-AMLCFT-NPRM.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">proposed rule<\/a>, PPSIs must establish a written, board-approved AML\/CFT program. That program must include a risk assessment process, internal controls, independent testing, ongoing employee training, and a U.S.-based compliance officer. Individuals with felony convictions related to financial crimes are barred from holding that officer role.<\/p>\n<p>The proposal also requires PPSIs to file Suspicious Activity Reports for transactions that may indicate violations of law. Issuers must also comply with the Recordkeeping Rule for fund transfers of $3,000 or more and transmit required information under the Travel Rule to other financial institutions.<\/p>\n<p>One provision specific to the GENIUS Act requires issuers to maintain technical capabilities to block, freeze, and reject transactions that violate federal or state law or any lawful order from regulators or law enforcement. These controls apply to both primary and secondary <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> markets.<\/p>\n<p>On the sanctions side, <a href=\"https:\/\/news.bitcoin.com\/ofac-blocks-venezuelan-gold-business-warns-about-upcoming-oil-sanctions\/\">OFAC<\/a> is requiring PPSIs to adopt an effective sanctions compliance program built around five elements: senior management commitment, risk assessment, internal controls, testing, and training. Issuers must build in risk-based safeguards to identify and reject transactions that would violate U.S. sanctions.<\/p>\n<p>FinCEN said it generally will not pursue enforcement actions against issuers whose programs meet the rule\u2019s standards, absent significant or systemic failures. The agency will play a central role in oversight and must be notified before other regulators take major supervisory actions.<\/p>\n<p>The rulemaking complements earlier Treasury action. On March 2026, the Office of the Comptroller of the Currency issued proposed prudential standards covering reserve asset requirements. In early April 2026, Treasury also released a separate NPRM establishing principles for state-level regulatory regimes, which allows issuers with less than $10 billion in outstanding <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> to elect state oversight under an approved framework.<\/p>\n<p>Major <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> issuers including <a href=\"https:\/\/news.bitcoin.com\/circle-announces-quantum-resistant-roadmap-to-secure-future-digital-asset-infrastructure\/\">Circle<\/a> and Tether, along with new market entrants, will need to assess how the proposed requirements affect their existing compliance structures. The risk-based design of the rule aims to direct resources toward higher-risk customers and activities.<\/p>\n<p>\u201cPresident Trump is strengthening American leadership in digital financial technology,\u201d Secretary of the Treasury Scott Bessent <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0435\" target=\"_blank\" rel=\"noopener noreferrer\">remarked<\/a>. \u201cThis proposal will protect the U.S. financial system from national security threats without hindering American companies\u2019 ability to forge ahead in the payment <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> ecosystem.\u201d<\/p>\n<p>The NPRM will be published in the Federal Register in the coming days. FinCEN and OFAC are expected to set a 60-day public comment period upon publication. A fact sheet on the proposal is available through Treasury.<\/p>\n<p>Stakeholders operating in the <a href=\"https:\/\/news.bitcoin.com\/what-are-stablecoins-a-simple-explanation-of-the-digital-asset-bridging-crypto-and-fiat\/\">stablecoin<\/a> sector should review the full rulemaking and consider submitting comments before the deadline.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/treasury-proposes-stablecoin-aml-rules-as-bessent-vows-to-protect-us-financial-system\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: FinCEN and OFAC issued a joint NPRM on April 8, 2026, requiring stablecoin issuers to comply with Bank Secrecy Act obligations. The GENIUS Act, enacted July 18, 2025, gives issuers like Circle and Tether roughly 60 days to submit public comments. Permitted payment stablecoin issuers must [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":70842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70841"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70841"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70842"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}