The U.S. Treasury has launched a consultation process on the GENIUS Act, a new law governing stablecoins, signed into effect on July 18, 2025. The law sets clear standards for U.S.-based stablecoin issuers, and public feedback is invited until October 17.
Input is sought on technologies including AI, blockchain surveillance, digital identity, and APIs, with an emphasis on privacy, cybersecurity, and economic impacts.
Treasury Secretary Scott Bessent said the act benefits “users, issuers, and the government,” expanding global dollar access and increasing demand for U.S. Treasuries. Industry leaders have welcomed the initiative.
Circle CEO Jeremy Allaire called it “more than financial legislation,” stressing that it demonstrates U.S. commitment to innovation in digital finance.
The act builds on President Donald Trump’s earlier Executive Order 14178, which allowed crypto investments in retirement plans.
Overall, the consultation underscores America’s intent to lead in regulated stablecoin adoption, balancing innovation with oversight.
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