Wu Blockchain (@WuBlockchain): a16z crypto submitted first-round feedback to the U.S. Treasury on GENIUS Act implementation, advocating privacy-preserving decentralized digital iden…
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a16z crypto submitted first-round feedback to the U.S. Treasury on GENIUS Act implementation, advocating privacy-preserving decentralized digital identity to bolster compliance and security. It urges FinCEN to update AML/KYC to allow ZKPs and other cryptography for privacy-safe identity verification, and to clearly distinguish decentralized stablecoins from payment stablecoins to enable fair, technology-driven regulation. https://t.co/BRIMeSKJzV