The U.S. Treasury has launched a public consultation on the GENIUS Act, a new law that aims to regulate stablecoins, digital dollars with a fixed value, and improve the role of America in global digital finance.
The Treasury is seeking the input of citizens, businesses, and professionals regarding the regulation of stablecoins, including the use of artificial intelligence, blockchain surveillance, digital identity verification, and application programming interfaces (APIs).
These inputs will assist in evaluating the advantages, expenses, privacy threats, and cybersecurity issues of these technologies. The deadline to submit is October 17, 2025, and submissions will be published on regulations.gov.
The GENIUS Act, signed earlier this year on July 18, 2025, creates a clear framework for U.S.-based stablecoin issuers. It builds on the U.S. President Donald Trump’s Executive Order 14178, which also allowed crypto investments in 401(k) retirement plans.
Treasury Secretary Scott Bessent called the law a “win-win-win” for users, issuers, and the government, saying it will expand global access to the U.S. dollar and boost demand for U.S. Treasuries, the bonds backing stablecoins.
Industry leaders have praised the move. Jeremy Allaire, CEO of Circle, a major stablecoin issuer, called it “more than financial legislation,” emphasizing that it shows the U.S. is ready to embrace innovations that make finance safer, more transparent, and inclusive.
He credited policymakers, developers, and Circle’s team for driving the effort and described the law as the “starting gun” for a new era in financial technology.
The GENIUS Act signals that the U.S. is serious about leading in digital assets. By regulating stablecoins, the law aims to make digital dollars secure for billions worldwide while encouraging technological innovation in the financial system.
Public participation now will shape how the law is implemented and how stablecoins grow globally.
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