US Treasury Crowdsources Crypto Crime Crackdown: Public Asked to Help Hunt Illicit Digital Asset Activity

The Treasury Department just threw open its doors to crypto vigilantes—and they want your help tracking dirty money.

Crowdsourcing the crypto crackdown

In a move that’s either genius or desperate (depending on who you ask), regulators are now soliciting public tips to sniff out blockchain-based crime. No technical expertise required—just a healthy distrust of anonymous wallets.

The irony isn’t lost on anyone

After years of dismissing crypto as a ‘passing fad,’ the same bureaucrats who couldn’t spot FTX’s red flags now want Main Street’s help. Maybe next they’ll ask Twitter sleuths to audit stablecoin reserves.

The bottom line?

When legacy finance finally admits it needs crypto’s transparency tools to police crypto… well, that’s what we call a teachable moment. *Cue the world’s smallest violin for the banks still charging $35 overdraft fees.*

Why public input?

The notice fulfills a requirement under GENIUS Act, the landmark U.S. stablecoin law President Donald TRUMP signed into law in July 2025. According to the government agency, the public have 60 days from the date of publishing the request for comment notice in the Federal Register to give their input, with this deadline set for October 17, 2025.

Public feedback on this matter helps the administration’s quest for policy that supports responsible growth and use of cryptocurrencies. Treasury’s MOVE aligns with Trump’s executive order on “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025.

“Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS Act, which creates a comprehensive regulatory framework for stablecoin issuers in the United States. The GENIUS Act and E.O. 14178 together promote U.S. leadership in digital assets and bolster U.S. national security,” the U.S. Treasury noted.

The GENIUS Act requires the Treasury to use feedback from the public input to inform its research on aspects such as effectiveness of tools, costs involved, privacy features, and the cybersecurity risks of the tools.

In the cryptocurrency and blockchain security and analytics ecosystem, platforms such as Chainalysis and TRM Labs have become critical components with tools to detect and alert on potential threats and risks.