# Federal agencies propose customer-identification programs for permitted stablecoin issuers

> FinCEN and the federal prudential regulators jointly proposed requiring permitted payment stablecoin issuers to maintain effective customer identification programs under the GENIUS Act and BSA.

- URL: https://riadefi.com/regulation/2026-06-22-genius-act-stablecoin-customer-identification-program/
- Posture: Proposal · not in effect
- Authorities: Treasury Department; Financial Crimes Enforcement Network
- Event date: 2026-06-22
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

This entry records a proposal. It does not change the law unless it is adopted.

## What changed

FinCEN and the federal prudential regulators jointly proposed requiring permitted payment stablecoin issuers to maintain effective customer identification programs under the GENIUS Act and BSA.

## Who it affects

- Permitted payment stablecoin issuers, intermediaries, and advisers assessing issuer controls

## What is still open

- The final identification, verification, recordkeeping, and reliance requirements

## What it means for an advisor

- Evaluate whether stablecoin counterparties are preparing for the proposed CIP framework.

## Sources

1. [Permitted Payment Stablecoin Issuer Customer Identification Program](https://www.govinfo.gov/content/pkg/FR-2026-06-22/pdf/2026-12460.pdf) · Treasury Department; Financial Crimes Enforcement Network · 2026-06-22


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.