Anchorage Backs Treasury's Stablecoin AML Rules — But Wants Answers on One Big Gray Area

WHY IT MATTERS

Think of stablecoins like digital dollars that move around the crypto world. The government wants to make sure bad actors — like terrorists or sanctioned countries — can't use them to move money secretly. That's what anti-money laundering (AML) rules are for. Anchorage, which is basically a crypto bank with a federal license, says it supports these rules. But here's the tricky part: when you first buy a stablecoin from the company that created it, they can check who you are. But once you sell it to someone else on an open market — kind of like reselling a concert ticket — it's harder to track. Anchorage is asking the government to spell out exactly who's responsible for checking identities at that stage. This matters because unclear rules can either scare companies away from offering stablecoin services or accidentally let bad actors slip through the cracks.