Comment from Securities Industry and Financial Markets Association (SIFMA)
Securities Industry and Financial Markets AssociationSupportTrade association
Summary: The Securities Industry and Financial Markets Association (SIFMA) supports the proposed AML/CFT and sanctions compliance framework for payment stablecoin issuers, provided it remains risk-based and operationally practical. They advocate for specific clarifications regarding secondary market transaction blocking, the inclusion of safe harbor protections for good-faith compliance actions, and the recognition of industry-developed solutions for Travel Rule compliance.
See attached file(s)