The treasury calls for the general comment in the implementation of the law of genius star-news.press/wp

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Julia Smith

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Julia Smith

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Extremely experienced Julia with a passion for covering a wide range of rhythms. She loves all political things and regularly covers organizational updates about the emerging technology here for encryption news.

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August 18, 2025

The US Treasury calls on the public to make notes required by the genius law on how to help the government prevent the “illegal financing risks” associated with digital assets, in a press statement on Monday from the Ministry of Government.

The US Treasury puts the work of the genius at work

According to the notice of August 18The US Treasury is seeking a comment from the public interested in general on how financial institutions retract the use of illegal encryption.

“The request for suspension provides this opportunity for individuals and institutions interested to provide notes on methods, technologies, innovative strategies, or strategies used by financial institutions, or can use them, to discover the illegal activity that involves digital assets,” the US Treasury.

As required by the Genius Act, the Ministry of Treasury will use public comments to inform research on effectiveness, costs, privacy risks, cybersecurity, and other considerations related to these tools, “the press statement continues.

Scott Pesin participates in a new statement

After the news request, US Treasury Secretary Scott Beesen praised the implementation of the genius as “necessary” to secure the American leadership in digital assets.

“Stablecoins will expand the dollar reaching billions around the world and increases the demand for US treasury bonds, which belong to Stablecoins,” said Pesint.

He added: “It is to win the two sides for all concerned: Stablecoin users, Stablecoin and US Treasury Exporters.”

US President Donald Trump signed encryption legislation in law last month, increasing a lot of recovery from the main players in the Blockchain sector.

“Let me say, the entire encryption community, for years that mocked him, rejected and reckoned,” the president continued. “You have been calculated a year and a half ago – but this signature is huge health.”

This step enhances that the genius law is not only symbolic – it has now become a framework for the American digital asset strategy.