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via Cointelegraph · By Cointelegraph Staff

Hyperliquid, Paradigm Urge FinCEN Revise GENIUS Rule

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CS
Cointelegraph Staff
(06:40 AM UTC)
1 min read
SC
Verified bySarah Chen

The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and sanctions rule for stablecoin issuers.

The Hyperliquid Policy Center and Paradigm said in a letter on Tuesday that some secondary market obligations should be clarified or narrowed “to avoid unintended consequences for permissionless…

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Cointelegraph Staff · Cointelegraph

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