According to Odaily Planet Daily, the U.S. Treasury Department recently launched the "Advance Notice of Proposed Rulemaking" (ANPRM) process to promote the formal implementation of the "GENIUS Act" (U.S. Stablecoin National Innovation Guidance and Establishment Act) signed by President Trump, marking the entry of stablecoin legislation into the substantive regulatory stage. The Treasury Department is soliciting opinions on details such as issuer restrictions, sanctions compliance, anti-money laundering requirements, the balance of federal and state regulations, tax issues, and reserve asset custody. The public and crypto companies can submit feedback before October 20. As the first crypto legislation to become law, the GENIUS Act is intended to further refine the regulatory framework and complement the "Digital Asset Market Clarity Act" under discussion. (CoinDesk)