Golden Finance reported that the U.S. Department of the Treasury issued a notice on August 18, soliciting public opinions on how financial institutions can prevent illegal activities involving digital assets (such as money laundering) after Trump signed the 'GENIUS Stablecoin Act'. The new law requires that stablecoins must be fully backed by U.S. dollars or equivalent liquid assets, mandates annual audits for issuers with a market value exceeding $50 billion, and regulates offshore issuance. Treasury Secretary Scott Bessent stated that stablecoins will expand the global use of the dollar, increase demand for U.S. Treasury bonds, and benefit users, issuers, and the Treasury. The deadline for public comments is October 17. Some banking associations have expressed concerns over the weakening of restrictions on interest payments to issuers in the bill, fearing it may lead to stablecoins becoming tools for storing value and credit rather than merely payment methods.