Anchorage Backs GENIUS AML Framework with Clarification Requests

Anchorage, a federally chartered crypto bank, has expressed support for the US Treasury's proposed GENIUS AML framework. The firm submitted a public comment letter backing core compliance provisions, but also requested targeted clarifications on secondary-market sanctions exposure and enterprise-wide AML expectations.

According to Anchorage, the proposal places AML duties on regulated stablecoin issuers in a workable manner, balancing compliance standards with operational certainty for issuers. The firm believes that clear rules will support payment innovation while maintaining oversight under existing law.

Anchorage is seeking clarity on liability tied to secondary-market transactions on public blockchains and requested guidance on enterprise-wide AML programs and correspondent account requirements. The firm argues that issuers cannot independently identify all sanctioned actors transacting through open networks, and therefore asked regulators to define limits around secondary-market sanctions exposure.