By Neil Roland ( August 18, 2025, 20:02 GMT | Insight) -- The US Department of the Treasury has requested public comment on ways that banks and other firms can use to detect illegal stablecoin activity such as money-laundering, as directed by the GENIUS Act signed by President Donald Trump last month. After receiving comments, Treasury will research “the methods, techniques, or strategies” identified in comments; submit a report that summarizes the research to senior lawmakers; and issue guidance or rule-making based on research results, the agency said.The US Department of the Treasury has requested public comment on ways that banks and other firms can use to detect illegal stablecoin activity such as money-laundering, as directed by the GENIUS Act signed by President Donald Trump last month....
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