U.S. Treasury Seeks Public Input on Crypto Risk Mitigation Under GENIUS Act

The U.S. Treasury Department has initiated a public comment period to gather insights on combating illicit finance risks associated with digital assets, as mandated by the GENIUS Act. The move aligns with the Biden administration's broader strategy to foster responsible innovation in the cryptocurrency sector while addressing potential vulnerabilities.

Financial institutions and industry participants are invited to submit feedback on emerging techniques for detecting suspicious activity involving cryptocurrencies. The Treasury emphasizes this consultation will inform its research into the efficacy, cost implications, and security considerations of various monitoring tools.

This regulatory development comes as institutional adoption of digital assets continues to accelerate, with major exchanges and traditional financial entities increasingly integrating crypto services. The outcome could shape future compliance frameworks for market participants across the ecosystem.