The U.S. Treasury Department has issued a public call for comments related to the detection and prevention of illicit activities involving digital assets, following the signing of the GENIUS Act into law.

The Treasury is seeking feedback on “innovative or novel methods, techniques, or strategies” that could be used to detect and mitigate illicit finance risks involving digital assets.

The request for input is part of the implementation process for the GENIUS Act, which establishes the first comprehensive federal regulatory framework for stablecoin issuers in the U.S.

This story is an excerpt from the Unchained Daily newsletter.

“It’s a win-win-win for everyone involved: stablecoin users, stablecoin issuers, and the U.S. Treasury Department,” said Treasury Secretary Scott Bessent on X.

The comments, due by Oct. 17, will be reviewed by the Treasury to develop effective policies, which will then submit reports to the Senate Banking Committee and House Financial Services Committee.