U.S. Treasury invites public feedback on GENIUS Act to shape stablecoin rules, promoting innovation, safety, and financial stability.
The U.S. Treasury Department is inviting the public to share feedback on how it should implement the GENIUS Act, the country’s first crypto-specific law. Enacted in the summer of 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act aims at establishing explicit regulations for payment stablecoins.
Treasury’s GENIUS Act Proposes Balanced Approach to Stablecoin Oversight
Treasury officials made the intention of the new consultation process clear in a press release issued late Thursday. They reported that the GENIUS Act would provide the purpose of supporting innovation besides consumer protection, illicit finance prevention, and financial stability.
The Treasury has initiated this process by issuing an Advance Notice of Proposed Rulemaking (ANPRM). This is not a document that establishes any new regulations. Rather, it is offering a comment to the populace to aid in the formation of new regulations. That is, the government is requesting businesses, specialists, and individuals to contribute ideas, data, and suggestions prior to the start of the formal rulemaking.
ANPRM asks the broader stakeholders to make comments. This covers crypto companies, financial institutions, tech developers, advocacy groups and ordinary citizens. All are welcome to provide their opinions on how the regulation of stablecoins can be addressed in the United States.
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The messages of the Treasury officials were to seek a middle ground. The latter desire to spur development in the digital finance industry, and they are also interested in lowering the risks that are linked to stablecoins. Such risks are the possibility of use in money laundering, fraud, and the instability of the market.
Treasury Combines Crypto Reviews for Broader Policy Action
This new consultation is based on a previous Request for Comment of August 18, 2025, that aims at identifying illicit behavior of digital assets. That application is pending until October 17, 2025. The combination of the two initiatives proves that the Treasury is being comprehensive in the regulation of digital assets.
The GENIUS Act gives the Treasury the authority to create rules for payment stablecoins. These digital tokens are usually tied to fiat currencies like the U.S. dollar. As a result, they are meant to keep a stable price. However, they still require clear regulation to avoid financial risks.
Despite the fact that GENIUS Act is now lawful; its effectiveness will be determined by the implementation process. Hence, the present public comment request is a serious procedure. It enables the stakeholders in the crypto and payment sectors to assist in the future of stablecoin regulation in the U.S.
Going forward, the Treasury will utilize the response to this ANPRM to write up proposed regulations that will subsequently be subject to additional scrutiny by the populace. This helps to bring transparency and public participation in one of the areas that influence an increasing portion of the economy.
Conclusively, the GENIUS Act is a step forward in the U.S. crypto policy, and the Treasury request for social commentary demonstrates that they are willing to regulate thoughtfully and inclusively. The interested parties may also post their comments online via the official Treasury site.