Comment from YEE! Technologies, LLC
YEE! Technologies, LLCSupportBusiness
Summary: YEE! Technologies, LLC, a company led by a former federal criminal analyst, argues that the proposed rule is structurally flawed because it does not address the "contamination" of the Bank Secrecy Act reporting stream caused by synthetic identities. The commenter advocates for a requirement of "deterministic existence verification" to ensure that stablecoin issuers can confirm a customer is a real person before onboarding, rather than relying on current probabilistic methods that are easily defeated by AI-generated fraud.
Comment on Docket ID FINCEN-2026-0100; Deterministic Existence Verification, the Synthetic Identity Supply Chain, and the Contamination of Bank Secrecy Act Reporting in the Anti-Money Laundering, Countering the Financing of Terrorism, and Sanctions Compliance Program Requirements for Permitted Payment Stablecoin Issuers. See attached file(s)