The U.S. Department of the Treasury has issued a notice soliciting public comments to assess the feasibility of introducing digital identity verification in DeFi smart contracts to curb illegal financing activities. This initiative falls under the scope of the GENIUS Act, focusing on studying how compliance technologies, including digital identity, AI, and Blockchain monitoring, can be applied to strengthen KYC/AML mechanisms in DeFi. The comment period ends on October 17, 2025. (Cointelegraph)

Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
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