US Treasury Seeks Public Input on GENIUS Act Stablecoin Rules

The US Department of the Treasury has opened a public comment period for the GENIUS Act, legislation targeting illicit finance risks in digital assets. Stakeholders must submit feedback by October 17.

The notice specifically requests insights on four technological approaches: API integrations, artificial intelligence tools, digital identity solutions, and blockchain analytics. Treasury officials emphasize these methods' potential to enhance monitoring while acknowledging operational challenges like privacy trade-offs and cybersecurity vulnerabilities.

This regulatory push follows President Trump's July signing of the Guiding and Establishing National Innovation for US Stablecoins Act. The move signals growing institutional engagement with cryptocurrency oversight as stablecoins gain prominence in global payments.