[U.S. Treasury Seeks Public Comments on Stablecoin Regulatory Guidelines] The U.S. Treasury has initiated the formulation of implementation guidelines for the "GENIUS Act" and is seeking public comments through the "Advance Notice of Proposed Rulemaking" process. The guidelines cover topics such as issuer restrictions, sanctions compliance, anti-money laundering, taxation, and reserve asset custody. The public and crypto businesses can submit feedback by October 20. This marks a substantive step in stablecoin regulation and forms a complementary framework with the "Digital Asset Market Structure Clarity Act."