Anchorage Supports US Treasury's GENIUS AML Framework

Regulators in the United States are working on a comprehensive Anti-Money Laundering (AML) framework for the crypto industry, with Anchorage Digital recently expressing support for the proposed GENIUS AML framework. The framework would require stablecoin issuers to be classified as financial institutions under the Bank Secrecy Act, subjecting them to AML obligations and customer due diligence requirements.

According to the public comment letter submitted by Anchorage, the Treasury's proposal strikes a balance between compliance standards and operational certainty for issuers. The firm believes that clear rules will support innovation in payment infrastructure while maintaining oversight under existing law.