The U.S. Department of the Treasury has officially launched a public consultation under the GENIUS Act to gather innovative strategies for combating illicit activity in the digital asset sector. With the rise of digital assets like stablecoins and cryptocurrencies, the government is exploring advanced solutions such as artificial intelligence, blockchain monitoring, digital identity verification, and application programming interfaces (APIs) to enhance anti-money laundering (AML) and financial crime detection.
As mandated by the GENIUS Act, the Treasury is inviting financial institutions, tech firms, and members of the public to submit insights on how these technologies can be deployed effectively. The consultation reflects a broader strategy to align digital asset regulation with robust AML/CFT frameworks, ensuring transparency and accountability in crypto transactions.
Public comments are accepted until October 17, 2025. These submissions will shape future guidelines aimed at strengthening enforcement capabilities against illicit finance risks involving virtual assets, while balancing innovation and privacy concerns. Stakeholders are urged to propose practical, scalable, and secure methods to detect and intervene in criminal misuse of the digital asset ecosystem. With the Treasury’s proactive engagement, the U.S. seeks to fortify defenses against crypto-enabled financial crime.
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