Daily Regulatory Briefing - Jun 19, 2026
Alex here.This is Lex Reg Pulse Daily for Friday, June 19, 2026.Five federal regulators moved together Thursday to bring stablecoin issuers inside the Bank Secrecy Act tent — and for banks, the immediate question is not their own compliance posture, but whose they can stand beside.The Federal Reserve, FDIC, OCC, NCUA, and FinCEN jointly proposed requiring permitted payment stablecoin issuers to build and maintain customer identification programs equivalent to those banks already run.The 117-page notice of proposed rulemaking classifies stablecoin issuers as financial institutions under the…
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