FinCEN/OFAC GENIUS Act NPRM (April 8, 2026)
legislationCrypto & Digital ID
New rules would force stablecoin issuers to be able to freeze, seize, or destroy your digital dollars on government order.
Who they are
A joint April 2026 rule proposal from the U.S. anti-money-laundering agency (FinCEN) and sanctions office (OFAC) under the GENIUS Act.
What they do
It sets anti-money-laundering and sanctions rules for licensed payment-stablecoin issuers.
How it works
It would require these issuers to run strict anti-money-laundering programs, comply with sanctions, and build in the technical ability to freeze, seize, or burn their stablecoins whenever the government lawfully orders it.
Why it matters
It bakes government control directly into supposedly private digital money, so 'your' stablecoins can be frozen or erased on command.
The engine's record — word for word
Joint Notice of Proposed Rulemaking by FinCEN + OFAC implementing GENIUS Act AML/CFT and sanctions-compliance requirements for permitted payment stablecoin issuers (PPSIs). Mandates rigorous AML/CFT programs + sanctions compliance + technical capability to freeze, seize, burn payment stablecoins on lawful government order.
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