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BTCC / BTCC Square / Global Cryptocurrency /
Stablecoin Legislation Sparks Debate Over Financial Privacy

Stablecoin Legislation Sparks Debate Over Financial Privacy

Author:
Global Cryptocurrency
Published:
2025-04-24 15:54:03
8
2

U.S. lawmakers are grappling with the dual challenges of regulating stablecoins while preserving financial privacy. The GENIUS Act in the Senate and the STABLE Act in the House have drawn criticism from crypto-skeptics like Senator Elizabeth Warren and Representative Brad Sherman, who warn of potential misuse for illicit activities.

Both bills propose subjecting stablecoin issuers to Bank Secrecy Act requirements, raising concerns among digital asset advocates about excessive surveillance. The legislative push reflects growing institutional focus on stablecoins as Congress seeks to balance anti-money laundering controls with the privacy expectations of crypto users.

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