In an official press release on August 18, the U.S. Treasury issued a Request for Comment required by the GENIUS Act, seeking public feedback on innovative methods, techniques, or strategies that regulated financial institutions use—or could use—to detect illicit activity involving digital assets. Treasury said it will use the comments to inform research on the effectiveness, costs, privacy, and cybersecurity risks of such tools. Treasury Secretary Scott Bessent welcomed implementation of the GENIUS Act, stating that stablecoins can expand global dollar access and increase demand for U.S. Treasuries. The notice referenced the Administration’s policy of responsible digital-asset growth and followed President Donald Trump’s signing of the legislation last month.