The US Department of the Treasury has issued an Advance Notice of Proposed Rulemaking seeking public comment on its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which tasks Treasury with issuing regulations for payment stablecoins. The notice seeks data and other information to inform a regulatory regime intended to encourage innovation in payment stablecoins while also mitigating potential illicit finance risks. Treasury framed the ANPRM as building on its earlier Request for Comment on innovative methods to detect illicit activity involving digital assets. Comments on the ANPRM are due by October 20, 2025. The separate August 18, 2025 request for comment remains open until October 17, 2025.
Financial Crimes Enforcement Network 2025-09-19
The US Department of the Treasury launches an advance notice of proposed rulemaking on implementing the GENIUS Act for payment stablecoins
The US Department of the Treasury issued an Advance Notice of Proposed Rulemaking to gather public input on implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This initiative aims to develop a regulatory framework fostering innovation in payment stablecoins while addressing illicit finance risks. The notice builds on a previous request for comment on detecting illicit activity in digital assets.