The United States Department of the Treasury has officially called for public input on new strategies to detect and prevent illicit activity in the crypto sector, following the enactment of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act America’s first comprehensive federal crypto regulation.
This move, announced Monday, marks a pivotal step toward establishing industry-wide standards under President Donald Trump’s vision to solidify the US as a world leader in digital asset innovation.
Today, Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in President Trump’s Executive Order on “Strengthening American Leadership in Digital…
— Treasury Department (@USTreasury) August 18, 2025
Treasury officials are seeking feedback from individuals and organizations on “innovative or novel methods, techniques, or strategies” used to monitor and counteract the misuse of digital assets. The agency has highlighted key focus areas: application programming interfaces, artificial intelligence, digital identity verification, and expanded use of blockchain monitoring tools. Platforms like Chainalysis and TRM Labs—industry leaders in crypto security and analytics—have already played crucial roles in mitigating crypto crime, serving as examples of the tools the Treasury seeks to vet and improve.
The GENIUS Act, signed into law in July 2025, specifically mandates rigorous anti-money laundering (AML) and sanctions compliance, requiring that US-dollar-backed stablecoins be fully collateralized by Treasury bills or cash equivalents. The agency has set a public comment window of 60 days from the announcement, with submissions due by October 17, 2025.
Following the public comment period, the Treasury will compile recommendations for the Senate Banking Committee and House Financial Services Committee. Experts note that this period of regulatory refinement will determine not only the level of compliance expected from stablecoin issuers but also shape broader crypto oversight in the United States.
Industry stakeholders and the public are encouraged to contribute, as their input may influence how financial institutions use modern technology to fight money laundering, fraud, and cybercrime in America’s rapidly evolving crypto landscape.
Notably, Treasury Secretary Bessent has highlighted that stablecoins are not a danger to the dollar. Instead, she sees them as a valuable instrument for expanding the dollar’s global presence and usefulness, particularly by facilitating quicker international payments.
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