Published on Aug. 18th across Treasury’s website, the Federal Register, and partner sites like FinCEN and the IRS, this 60-day comment period stems directly from Section 9(a) of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). President Trump signed the landmark legislation into law on July 18, 2025, creating the first comprehensive federal regulatory framework for stablecoin issuers.

These issuers will now be treated as financial institutions under the Bank Secrecy Act, subject to all federal anti-money laundering (AML), sanctions, and customer due diligence laws. This request for comment initiative directly advances the policy goals set forth in Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology,” signed on Jan. 23, 2025. The order prioritizes “supporting the responsible growth and use of digital assets” and establishes a President’s Working Group on Digital Asset Markets.

That group’s July 30th report specifically recommended evaluating digital identity tools and enhancing public-private information sharing to counter illicit finance, providing further context for Treasury’s request. The Treasury Department is calling on individuals, financial institutions, technology firms, and advocacy groups to share practical insights on “innovative or novel methods, techniques, or strategies” regulated entities currently use, or could potentially use, to detect illicit activity within the digital asset ecosystem. The request highlights four specific technological focal points:

Application Programming Interfaces (APIs): Systems enabling software communication to share compliance data automatically, enforce access controls, and monitor transactions.
Artificial Intelligence (AI): Machine-based systems analyzing vast datasets, including blockchain transactions, to identify complex illicit financial patterns and networks.