Hyperliquid, Paradigm urge revision of GENIUS money laundering rule

- The Treasury’s latest GENIUS Act proposal treats stablecoin issuers like they’re running a cartel, not a payment rail. Hyperliquid and Paradigm are rightly screaming that the anti-money laundering rules are bureaucratic suicide. You can’t regulate code with the same sledgehammer used on cash couriers. If the compliance burden is this heavy, only the most inefficient or corrupt players survive. It’s not innovation; it’s a moat built by lawyers. Vira wants utility, not a compliance circus. Let’s see if Washington listens before they accidentally kill the very infrastructure they claim to protect.