The US Treasury Department calls on the public to comment on illegal cryptocurrency activities According to BlockBeats, on August 19th, the US Treasury Department is soliciting public opinion on how financial institutions should combat illegal activities involving cryptocurrencies, which was a requirement when the landmark stablecoin bill was signed into law last month. The US Treasury Department submitted a draft for comments on Monday regarding innovative methods for detecting illegal activities involving digital assets. The notice states that the new law, called the "GENIUS Act for Guiding and Establishing the National Innovation of Stablecoins in the United States," instructs the Treasury Department to inquire about issues related to application programming interfaces (APIs), artificial intelligence, digital identity verification, and the use of blockchain technology. US Treasury Secretary Vincent Besant said on Monday: "A stable currency will expand the use of billions of dollars in the world, while the demand for US treasury bond bonds supporting a stable currency will surge. This is a win-win situation for all participants: stable currency users, stable currency issuers and the US Treasury."