Treasury Releases GENIUS Act Report on Digital Assets and Illicit Finance
β’ The U.S. Department of the Treasury issued its March 2026 congressional report under the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, addressing innovative technologies to counter illicit finance in digital assets. β’ The report covers mixers, obfuscation services, and stablecoin transactions on distributed ledgers, aligning with Trump Administration priorities for privacy protection and reduced regulatory burden. β’ It outlines the Bank Secrecy Act framework, AML programs, and updates from the 2020 Anti-Money Laundering Act to strengthen regulations against money laundering and terrorism financing.
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