U.S. Treasury Launches GENIUS Initiative - Seeking Public Input on Crypto Illicit Activity Crackdown

Washington turns up the heat on crypto crime—GENIUS program kicks off with industry-wide consultation.

THE CRACKDOWN ACCELERATES

Treasury officials aren't just watching from the sidelines anymore. They're gathering intelligence, building frameworks, and preparing to hit illicit actors where it hurts—their wallets. The GENIUS initiative represents the most coordinated effort to date against crypto-enabled financial crimes.

INDUSTRY ON NOTICE

Exchanges, DeFi protocols, and OTC desks all face increased scrutiny. Compliance teams scramble to align with coming regulations while maintaining operational flexibility. The balancing act continues—innovate fast enough to stay competitive while slow enough to avoid regulatory crosshairs.

THE IRONY BITES

Traditional finance still launders more money before lunch than crypto does all year—but sure, let's focus on the technology actually bringing transparency to transactions. Classic regulatory theater while the real show runs on Wall Street.