The post Just In: U.S. Treasury Advances GENIUS Act, Bessent Flags Stablecoin Growth appeared on BitcoinEthereumNews.com.

TLDR: Treasury issued a Request for Comment under the GENIUS Act to shape stablecoin regulation in the United States. The Act sets a comprehensive framework for stablecoin issuers while aligning with President Trump’s digital asset policy. Treasury seeks input on AI, blockchain monitoring, and identity verification for combating illicit finance in crypto markets. Public comments will inform research on costs, privacy, cybersecurity, and regulatory effectiveness for stablecoin oversight. The U.S. Treasury has officially kicked off the process of shaping stablecoin oversight with a fresh request for public input. The step comes under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law earlier this year.  Washington has linked the effort to broader goals of securing U.S. leadership in digital financial technology. The request also forms part of President Trump’s Executive Order on strengthening America’s position in global digital asset markets. Officials described the move as a chance for individuals, industry players, and financial institutions to help define the rules. By calling for feedback, the Treasury aims to gauge the effectiveness of innovative tools while balancing security, privacy, and compliance needs. Stablecoin Regulation Under the GENIUS Act According to the Treasury’s press release on August 18, the GENIUS Act creates a comprehensive framework for stablecoin issuers in the U.S. Section 9(a) of the Act requires the agency to collect public comments before finalizing certain provisions. Those comments will help guide policies on stablecoin issuance and monitoring. The Treasury is seeking input on advanced methods used by regulated institutions to track digital asset activity. These include blockchain-based monitoring, application programming interfaces, artificial intelligence, and digital identity tools. Officials said the feedback would be critical in balancing innovation with safeguards against illicit finance. Treasury Secretary Scott Bessent reinforced the administration’s position in a post on X. He stated that…

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Filed under: News - @ August 18, 2025 10:27 pm