Golden Finance reported that the U.S. Treasury Department issued a notice on August 18, after Trump signed the 'GENIUS Stablecoin Act', soliciting public opinion on how financial institutions can prevent illegal activities involving digital assets (such as money laundering). The GENIUS Act requires stablecoins to be fully backed by U.S. dollars or equivalent liquid assets and mandates annual audits for issuers with a market capitalization exceeding $50 billion, while also regulating overseas issuance. Secretary of the Treasury 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 Department. The deadline for public comments is October 17. Some banking associations have expressed concerns about the weakening of restrictions on interest payments to issuers in the act, believing that it may lead to stablecoins becoming tools for value storage and credit rather than merely means of payment.