The US Treasury calls on the general comment on Bill, a genius of Staplecoin star-news.press/wp

The US Treasury issued an invitation to comments related to the approval of the direction law and the establishment of the national innovation of the United States Law (Genius), signed by President Donald Trump’s law in July.

In the two notice, the treasury He said “Individuals and Interested Institutions” can make notes to government administration on “innovative or new methods, methods, or strategies to discover and alleviate the illegal financial risks involved in digital assets.” Treasury officials said that the call to October 17 comments were part of the requirements under the law of genius.

In Monday’s publication, Treasury Secretary Scott Payette The name This step is “necessary” for the implementation of the law on the “American leadership) in digital assets. After receiving comments from the public, the Ministry of Treasury will discuss the proposed methods and submit reports to the Senate Banking Committee and the Financial Services Committee in the House of Representatives.

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It is expected that the draft payments paid in payment will enter 18 months after its signing in the law on July 18 or 120 days of putting the American regulations for the treasury and federal reserve.

The timing of implementation indicated that the draft law, which is one of the first laws related to encryption that was approved within the framework of the Trump administration, will be less likely to be used as a campaign issue for candidates who are likely to be on encryption policies in the mid -term elections 2026.

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Among the potential uses of “illegal activity” for which the cabinet requested comments for money laundering with encryption. The genius law also determined that the administration seeks to obtain comments on APIS, artificial intelligence, digital identity, and “Blockchain technology and monitoring technology”.

Congress moves forward in encryption projects

The approval of the genius law, one of the first bills related to encryption that came out of the Republican -dominated Congress during the Trump era, was just one of three legislation under consideration.

As part of the Republican “encryption week” plans in July, the House of Representatives approved the Genius Act, the Claarity Fundamentals Law and the CBC anti -monitoring law (the Central Bank’s digital currency) with the support of the two parties.

The CBDC and CBDC law has been sent to the Senate, which will remain in a rest period until September. The leadership in the Senate Banking Committee suggested that it intends to determine the priorities of the encryption market structure, as it passes its own version from the law of clarity by October.

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