Banking in the United States on SBT.
The U.S. regulatory landscape for digital assets is rapidly maturing. The GENIUS Act establishes a federal framework for stablecoin issuance and oversight, while forthcoming legislation is expected to provide broader clarity for digital asset products offered by regulated financial institutions.
Federal Reserve, OCC, FDIC, SEC, CFTC, FinCEN, State Regulators
U.S. banking regulation is a dual federal-state system overseen by multiple agencies. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) creates a dedicated federal framework for payment stablecoin issuance, establishing reserve requirements, issuer qualifications, and regulatory oversight for both bank and non-bank stablecoin issuers. Additional legislation addressing digital asset market structure and classification is expected to further clarify the regulatory environment for banks offering digital asset products.
- Bank Secrecy Act (BSA) and AML/CFT compliance
- Know Your Customer (KYC) and Customer Due Diligence (CDD) per FinCEN requirements
- OFAC sanctions screening on all counterparties and transactions
- Suspicious Activity Report (SAR) filing and Currency Transaction Report (CTR) obligations
- GENIUS Act compliance for payment stablecoin issuance (reserve requirements, redemption rights, disclosure obligations)
- State money transmitter licensing where applicable for digital asset activities
- FDIC deposit insurance considerations for tokenized deposit products
- Capital adequacy requirements (Basel III framework per OCC/Fed guidelines)
- Consumer protection obligations under federal and state law
How SBT addresses these requirements.
- BSA/AML compliance engine with automated SAR and CTR workflow preparation
- OFAC, UN, and EU consolidated list screening on all counterparties at onboarding, transaction initiation, and on a recurring basis
- KYC/KYB orchestration with CDD and Enhanced Due Diligence (EDD) workflows
- Transaction monitoring integration with configurable alert thresholds and investigation workflows
- Stablecoin issuance and redemption workflows aligned with GENIUS Act reserve and disclosure requirements
- Digital asset custody integration with qualified custodians meeting OCC and state requirements
- Audit trail and evidence preservation for regulatory examination by federal and state examiners
- Multi-entity, multi-state operational support for banks with cross-state digital asset activities
Deployment-ready.
SBT’s compliance engine, operations platform, and digital asset infrastructure are aligned with the requirements established by the GENIUS Act and existing federal banking regulations. As additional digital asset legislation is enacted, SBT’s modular compliance framework will be updated to incorporate new requirements. Banks deploying SBT can offer fiat banking, digital asset accounts, stablecoin products, and crypto-backed lending within the evolving U.S. regulatory framework.
Last reviewed: April 2026
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