The U.S. Department of the Treasury published a Request for Comment required under section 9(a) of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, seeking input on novel methods that regulated financial institutions use or could use to detect illicit activity involving digital assets. The request sits alongside the GENIUS Act’s creation of a comprehensive U.S. regulatory framework for stablecoin issuers and is framed as supporting the policy direction in Executive Order 14178. Treasury is asking for views on the use of application program interfaces, artificial intelligence, digital identity verification, and blockchain technology and monitoring. Public comments will be used to inform Treasury research on these tools’ effectiveness, costs, privacy and cybersecurity risks, and other considerations, including potential resource burdens for financial institutions. Comments are due within 60 days of Federal Register publication, by October 17, and will be publicly viewable on Regulations.gov.
U.S. Department of the Treasury 2025-08-18
U.S. Department of the Treasury issues GENIUS Act request for comment on innovative tools to detect digital-asset illicit activity
The U.S. Department of the Treasury issued a Request for Comment under the GENIUS Act, seeking input on methods for detecting illicit activity involving digital assets. The request focuses on application program interfaces, artificial intelligence, digital identity verification, and blockchain technology. Public feedback will inform Treasury research on these tools' effectiveness, costs, and associated risks.