Paradigm and Hyperlipid oppose AML rules for stablecoins in the GENIUS Act
- Paradigm along with the Hyperliquid Policy Center are voicing their opposition to the AML regulations for stablecoins in the GENIUS Act.
- These organizations argue that there needs to be clearer limits on the responsibilities of issuers, DeFi apps, and validators when stablecoins are transferred across multiple parties.
- The lack of specific boundaries could complicate enforcement and create legal risks for participants in the ecosystem.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: Decrypt
- Paradigm along with the Hyperliquid Policy Center are voicing their opposition to the AML regulations for stablecoins in the GENIUS Act.
- These organizations argue that there needs to be clearer limits on the responsibilities of issuers, DeFi apps, and validators when stablecoins are transferred across multiple parties.
- The lack of specific boundaries could complicate enforcement and create legal risks for participants in the ecosystem.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: Decrypt