- U.S. Treasury seeks public opinion on stablecoin regulations under the GENIUS Act.
- Impacts expected on stablecoin issuers and fintech compliance.
- Comments due by October 17, 2025, affecting future digital asset policy.
The U.S. Treasury has initiated public consultation on the GENIUS Act to establish stablecoin regulations, seeking feedback by October 17, 2025.
The initiative marks a critical step in formalizing U.S. digital asset regulation, impacting stablecoin issuers and related financial entities under anti-money laundering laws.
The U.S. Treasury has requested public feedback on the GENIUS Act, focusing on stablecoin regulations. Interested parties must submit comments by October 17, 2025. This initiative aligns with broader federal oversight aims.
The GENIUS Act, signed by President Donald Trump, is part of federal efforts for digital assets regulation. The Treasury, under Scott Bessent, leads the call for public input to facilitate smooth policy implementation.
This regulatory move directly affects U.S. stablecoin issuers, payment platforms, and cryptocurrency markets. The potential changes will influence market dynamics and operational practices.
The GENIUS Act’s mission is to strengthen compliance under the Bank Secrecy Act and AML laws, impacting how stablecoin-related financial entities operate in the digital economy.
Potential changes may include enhanced compliance costs and privacy concerns for financial entities. The GENIUS Act policies aim for secure and transparent digital asset use.
Historical trends suggest previous AML regulations caused shifts in market operations but rarely led to long-term disruptions. Stakeholders must monitor these developments to assess future market impacts.
Scott Bessent, Treasury Secretary, U.S. Department of the Treasury, “This call for public input is essential for implementing the GENIUS Act and securing American leadership in digital assets.” – U.S. Treasury Statement
