Paradigm, Hyperliquid Policy Center Push Back on GENIUS Act Stablecoin AML Rule

Crypto Insight Summary: Image: Shutterstock/Decrypt]( Paradigm, Hyperliquid Policy Center Push Back on GENIUS Act Stablecoin AML Rule * * * By Edited by Jun 10, 2026 Jun 10, 2026 3 min read Stablecoins. Image: Shutterstock/Decrypt Create an account to save your articles. Add Decrypt as your preferred source to see more of our stories on Google. * Paradigm and the Hyperliquid Policy Center challenged proposed AML and sanctions rules for stablecoin issuers. * The groups warned that treating secondary market activity like issuer activity could push regulated stablecoins away from DeFi. * Broad rules could create confusion for issuers and infrastructure providers, industry observers told Decrypt. regulators that proposed anti-money laundering rules could push regulated dollar tokens away from permissionless DeFi if issuers are made responsible for secondary market activity. Brad Sherman (D-CA-32). Crypto Insight Analysis: Direction: Bearish USDT / USDC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory pressure on stablecoin AML rules may reduce liquidity and usage in DeFi.