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The US Treasury seeks star-news.press/wp

The US Treasury put the genius law in open consulting. The end result will be affected by the general comments, and it may quickly follow the use of Stablecoins worldwide.

Looking for the American treasury

The US Treasury took an important step regarding the Genius Law, a law aimed at organizing Stablecoin and promoting American hegemony in the digital financing industry. through press releaseThe Treasury submitted an official request for the comment that directs people to comment on how to supervise Stablecoins.

As part of the consultation process, the administration seeks to obtain notes on the use of new tools to combat graft. These include artificial intelligence, Blockchain monitoring, digital identity checking, and application programming facades.

Public inputs will help determine the effectiveness of these technologies, as well as their costs, privacy risks, and cybersecurity challenges. The deadline for comments is October 17, with all requests publicly published in the regulations.

The genius law, which signed the law earlier this year, establishes a comprehensive framework for Stablecoin exporters working in the United States. It depends on President Donald Trump’s executive order 14178. It is scheduled to enhance America’s leadership in digital financing technology. Previously, Trump has signed an executive order that allows encryption investments in 401K plans.

The Minister of the Treasury and the cold department in the regulations Stablecoin as a digital financial stage

Treasury Secretary Scott Bessin said the procedure is necessary to lead the United States in the sector. He pointed out that Stablecoins expands global access to the dollar and increased demand for US treasury bonds, which support them.

Bessent described the genius law as a “victory for the two sides” for users, exporters and government. A recent report also indicated that the US bitcoin reserves may amount to $ 20 billion, indicating Washington’s increasing commitment to digital assets.

Industry leaders chanted this feeling. Jeremy Aller, CEO of Serkel, welcomed the teacher, describing him more than financial legislation. He said it indicates that the United States is ready to embrace innovation, which makes funding safer, more transparent and more comprehensive.

The Allaire team defeated Circle, the two -party policy makers, and developers to achieve the effort. He added that this moment clarifies the United States’ commitment to remaining in the competitiveness of the digital currency.

In a follow -up post, Allaire highlighted reports from Semafor, which ACT described genius as a “starting gun” for a new era in financial technology. He said that the Internet is now colluding with the global financial system to create unusual opportunities. This shift reflects years of pressure and persuasion to bring Stablecoins to major financial discussions, as Allaire plays a major role in the convincing skeptics.

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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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2025-08-18 18:59:00

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