What did Anchorage Digital say about the Treasury’s stablecoin AML proposal?

Anchorage Digital said it generally supports the US Treasury Department’s proposed AML and sanctions framework for stablecoin issuers under the GENIUS Act. The company believes the rules strike a reasonable balance between regulatory compliance and innovation in the stablecoin sector.

Why does Anchorage Digital want more clarity on secondary-market sanctions rules?

Anchorage argues that stablecoin issuers should not be held strictly liable for sanctioned users who transact through secondary-market activity on public blockchains. The company wants regulators to clearly define what compliance responsibilities issuers have when tokens move outside their direct control.

What would the proposed GENIUS Act AML framework change for stablecoin issuers?

The proposal would classify payment stablecoin issuers as financial institutions under the Bank Secrecy Act. That would require them to implement AML programmes, conduct customer due diligence, monitor transactions and file suspicious activity reports.

Why does this regulatory proposal matter for the crypto industry?

The framework could create clearer rules for stablecoin issuers operating in the United States. Greater regulatory certainty may encourage institutional adoption, while unclear obligations could increase compliance costs and legal risks.

Is this development bullish or bearish for stablecoins?

The news is potentially positive for regulated stablecoin issuers because it signals progress toward a defined compliance framework. However, stricter monitoring, recordkeeping and sanctions requirements could increase operating costs and regulatory scrutiny.

What are the main bull and bear arguments after this news?

The bull case is that clear rules could strengthen trust in stablecoins and attract more institutional users. The bear case is that compliance burdens could become expensive and restrictive if regulators impose broad liability for secondary-market transactions.

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Anchorage backs Treasury stablecoin AML framework

Written by Heidi Cuthbert Published Jun 11, 2026, 1:46 AM

Anchorage Digital has backed the US Treasury Department’s proposed Anti-Money Laundering and sanctions framework for the GENIUS Act, saying the rules largely balance regulatory compliance with innovation in the stablecoin sector.

The federally chartered crypto bank submitted a public comment letter supporting the proposal while urging Treasury to provide additional clarity on secondary-market sanctions liability, enterprise-wide AML programmes and correspondent account requirements.

“A final rule that is clear and workable gives regulated institutions the certainty they need to build, and strengthens U.S. leadership in the next generation of payments and settlement infrastructure,”

Anchorage said.

Anchorage argued that regulated stablecoin issuers should not face strict liability for failing to independently identify sanctioned users who interact with their smart contracts through secondary-market transactions.

The proposed rules, issued jointly by the US Treasury Department and the Financial Crimes Enforcement Network, would classify payment stablecoin issuers as financial institutions under the Bank Secrecy Act and subject them to AML, customer due diligence and suspicious activity reporting requirements.

The framework would also align stablecoin issuers with existing US sanctions compliance standards overseen by the Office of Foreign Assets Control while introducing enhanced monitoring and recordkeeping obligations.

Support for the proposal has been mixed across the crypto industry, with lobbying groups linked to Hyperliquid and Paradigm recently calling for broader sanctions carveouts and greater clarity on secondary-market compliance requirements.

At the time of reporting, Hyperliquid price was $54.15.

Anchorage backs Treasury stablecoin AML framework

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