Comment from Proof.com
Proof.comSupportBusiness
Summary: Proof, a digital identity and transaction security platform, supports the proposed rule and urges FinCEN to explicitly allow permitted payment stablecoin issuers (PPSIs) to use Verifiable Digital Credentials (VDCs) to meet AML/CFT and sanctions requirements. The company argues that VDCs provide a secure, efficient, and privacy-preserving method for identity verification and beneficial ownership checks while maintaining regulatory integrity.
Please see the attached comment.
Sincerely,
James Fulgenzi
Head of Public Policy, Proof