The U.S. Treasury has extended deadline for public comments for the GENIUS Act to November 4, 2025.
The Treasury issued an Advanced Notice of Proposed Rulemaking (ANPR) an early-stage rulemaking step that will require Treasury to issue a subsequent proposal to seek additional public input before any regulations may be finalized, requesting public comment regarding its implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).
In the Illicit Finance section of the ANPR, the Treasury poses specific questions about
- The regulatory design for AML and sanctions programs,
- Unique risks and operational differences of PPSIs,
- Technical and procedural approaches for PPSIs and
- what regulatory clarity would help define the technological capabilities,
required to comply with laws and regulations and to comply with orders and prevent sanctioned or prohibited secondary-market transfers.
For foreign PPSIs, the Treasury request views on the criteria for designation as noncompliant, the appropriate scope and standards for licenses or waivers, and what the agency should consider clarifying how issuers can comply with lawful orders related to the Office of Foreign Assets Control lists.
Link to make the public comment: click here
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