Treasury's Stablecoin AML Rules Receive Support from Anchorage Digital

The US Treasury's proposed Anti-Money Laundering (AML) rules for stablecoin issuers have been met with support from Anchorage Digital, a federally chartered crypto bank and stablecoin infrastructure provider.

In a public comment letter submitted to the Treasury Department, Anchorage argued that the proposed framework appropriately places AML obligations on regulated stablecoin issuers while urging clarification on certain aspects of secondary-market sanctions liability, enterprise-wide AML programs, and correspondent account requirements.

The company emphasized that issuers should not face strict liability for failing to independently identify sanctioned users who transact on secondary markets through their smart contracts.