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US Treasury Considers Digital ID in DeFi to Curb Illicit Finance
Crypto Trends

US Treasury Considers Digital ID in DeFi to Curb Illicit Finance

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The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts.

The consultation, published this week, stems from the newly enacted Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), signed into law in July.

The Act, which sets out a regulatory framework for payment stablecoin issuers, directs the Treasury to explore new compliance technologies, including application programming interfaces (APIs), artificial intelligence, digital identity verification and blockchain monitoring.

One of the ideas in the request for comment is the potential for DeFi protocols to integrate digital identity credentials directly into their code. Under this model, a smart contract could automatically verify a user’s credential before executing a transaction, effectively building Know Your Customer (KYC) and Anti-Money Laundering (AML) safeguards into blockchain infrastructure.

Treasury considers digital ID verification in DeFi. Source: Laz

Related: GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum

Treasury: digital IDs could cut compliance costs

According to Treasury, digital identity solutions, which may include government IDs, biometrics or portable credentials, could reduce compliance costs while strengthening privacy protections.

They could also make it easier for financial institutions and DeFi services to detect money laundering, terrorist financing, or sanctions evasion before transactions occur.

Treasury also acknowledged potential challenges, including data privacy concerns and the need to balance innovation with regulatory oversight. “Treasury welcomes input on any matter that commenters believe is relevant to Treasury’s efforts,” the agency wrote.

Public comments are open until Oct. 17, 2025. Following the consultation, Treasury will submit a report to Congress and may issue guidance or propose new rules based on the findings.

Related: GENIUS Act yield ban may push trillions into tokenized assets — ex-bank exec

US banks warn against stablecoin yield loophole

Last week, several major US banking groups, led by the Bank Policy Institute (BPI), urged Congress to tighten rules under the GENIUS Act, warning that a loophole could let stablecoin issuers bypass restrictions on paying interest.

In a letter sent Tuesday, BPI said the gap could allow issuers to partner with exchanges or affiliates to offer yields, undermining the intent of the law. The group cautioned that unchecked growth of yield-bearing stablecoins could trigger up to $6.6 trillion in deposit outflows from traditional banks, threatening credit access for businesses.

Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears



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Worldcoin rallies 10% as World Foundation raises $135M
NFT Gaming

Reddit considers iris scan, so users can prove they’re human

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As pressure mounts from advancing AI, age verification laws, and bot-related abuse, Reddit is exploring a partnership with Sam Altman’s World ID to verify users while preserving anonymity. The biometric system, which scans irises without storing personal data, could help Reddit prove user uniqueness and age without compromising privacy—an increasingly urgent need as regulators and researchers scrutinize identity on social platforms.

According to Semafor, two people familiar with the matter confirmed ongoing talks between Reddit representatives and World ID’s parent company about implementing the biometric verification system.

The partnership would allow Reddit users to prove they are unique individuals without revealing personal information to the platform.

Growing pressure drives identity verification urgency

Reddit CEO Steve Huffman stated last month that the service will eventually be required to verify that users are human and that they are of legal age due to AI development and age verification laws.

“We will do our best to preserve both the humanness and anonymity of Reddit,” Huffman wrote on the platform.

The urgency has intensified following incidents like University of Zurich researchers using AI to impersonate actual Reddit users in persuasion experiments. Reddit lawyers sent formal legal demands to the university in April over the unauthorized research.

Multiple U.S. states are considering or passing laws requiring internet companies to verify user ages, creating compliance pressures across the social media industry.

World ID’s sophisticated privacy architecture

World ID’s system addresses verification challenges through complex cryptographic techniques. The Orb scans users’ irises and creates encrypted representations that are fragmented and stored across secret servers globally.

To gain access to someone’s iris data, hackers would need to compromise numerous systems, rejoin fragmented data, and reverse-engineer the initial scan. Even successful attacks would not expose the person’s identity because the system contains no personal information that links biometric data to persons.

Following authentication, users acquire unique World IDs stored in locally encrypted vaults on their devices. The Orb’s age detection program refuses to scan anyone suspected of being under 18, and it includes built-in age verification features.

Reddit would reportedly offer World ID as one of several verification methods rather than the exclusive option. Users could choose from third-party providers based on their privacy preferences and security needs.

World ID — the biometric verification system using iris-scanning “Orbs” developed by Altman’s Tools for Humanity — was officially launched alongside Worldcoin (WLD) on July 24, 2023, when the project moved out of beta and began expanding operations to multiple cities worldwide.



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Francisco Rodrigues
Crypto Trends

Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says

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Deutsche Bank is studying stablecoins and tokenized deposits as part of its growing digital assets strategy, joining other major banks exploring blockchain infrastructure for payments and settlement.

The bank is considering whether to issue its own stablecoin or join a broader industry initiative, Bloomberg reported, citing Sabih Behzad, Deutsche Bank’s head of digital assets and currencies transformation.

It’s also weighing the development of a tokenized deposit system aimed at making payments more efficient, according to the report.

Major banks in the U.S. are currently weighing the launch of a joint stablecoin in a bid to fend off competition from the cryptocurrency space. These reportedly include heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC).

Regulatory clarity in the European Union and pending stablecoin legislation in the U.S. have helped accelerate stablecoin adoption. Behzad said banks have options that range from acting as reserve managers to launching their own digital tokens.

Deutsche Bank has said in a research report that stablecoins are on the verge of mainstream adoption as crypto legislation advances under the Donald Trump administration.

Germany’s largest lender has, meanwhile, invested in cross-border payments firm Partior and joined Project Agorá, a central bank-backed initiative focused on wholesale tokenized payments.



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4 Best Altcoins to Buy as SEC Considers Tron ETF, Big Banks Mull New Stablecoin
GameFi Guides

Best Altcoins to Buy as SEC Considers Tron ETF, Big Banks Mull New Stablecoin

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

There have been major developments this week in the crypto landscape:

  • The SEC has formally acknowledged Canary Capital’s application for a staked Tron ETF, opening the proposal to public comment.
  • The ongoing evaluation of numerous other crypto ETF proposals suggests a potentially evolving regulatory perspective.
  • Major U.S. banking institutions like JP Morgan, Bank of America, and Citigroup are also reportedly in preliminary discussions to launch a joint stablecoin.
  • U.S. lawmakers advance stablecoin legislation, notably the GENIUS Act, aiming to provide a clear regulatory framework.

These developments signal growing institutional interest and a maturing regulatory environment for digital assets. For investors, this could highlight fresh opportunities in the altcoin market.

With a ‘Greed’ indicator of 76 and the market cap rising, the evidence of a ‘risk-on’ sentiment is clear. This is particularly clear when you note the rise of altcoins like $MIND of Pepe, which have raised over $10M in their presale.

Let’s delve into some of the best altcoins that could see an uptrend given these encouraging signs.

1. MIND of Pepe ($MIND) – AI Alpha as Your Winning Edge

With MIND of Pepe ($MIND), a new era of meme coin intelligence appeared, a unique fusion of the iconic Pepe culture and cutting-edge AI.

$MIND is your gateway to AI alpha, offering a winning edge in the fast-paced crypto markets. Its sophisticated AI will scour on-chain data, social sentiment, and emerging trends to reveal key insights and signals to give you a running start in the market.

Holding $MIND unlocks your access to these exclusive, AI-generated reports and analytics, designed to sharpen your strategies.

Raising over $10M already, and with a presale price at $0.0037515 (up 20.98% from its start), your window to jump in early is closing fast as the presale ends in just over a week.

We predict $MIND could hit $0.00535 (a 72.52% increase from the start of the presale) by the end of 2025. And this seems ever more likely with the positive regulatory shifts increasing market sentiment.

It’s about democratizing alpha by combining the market-moving power of Pepe with the deep analytical skills of AI. Get ready to think smarter, not just harder.

2. Pudgy Penguins ($PENGU) – Pudgy Power. Join the Huddle, Waddle to Wealth

Pudgy Penguins ($PENGU) represents much more than a popular NFT collection. It’s a rapidly expanding global IP and symbol of positivity, known for its ‘Pugdy Power.’

This beloved brand has successfully bridged Web3 and the mainstream with its adorable characters appearing as actual toys in major retail stores and an expanding content universe.

The $PENGU coin invites you to join the ‘Huddle,’ the passionate community at its heart, and participate in its growth.

$PENGU is central to this ecosystem, potentially offering governance, exclusive access, and rewards, allowing holders to ‘Waddle to Wealth’ by sharing in the brand’s expanding success.

You can buy $PENGU for $0.01409, up 0.67% from yesterday, and with a market cap of $886.85M.

Experience the merge between a heartfelt community and real-world branding to create value in the Web3 space.

3. Hamster Combat ($HMSTR) – Powering Hamster Combat. Your CEO Plays, Your Token Pays

Swivel into the CEO’s chair with Hamster Kombat ($HMSTR), the record-shattering Telegram game phenomenon captivating 300M players globally.

The $HMSTR token is the lifeblood of the ecosystem, designed not just for the largest crypto game ever, but for a future that extends far beyond that.

Having already broken records like achieving the largest Telegram channel (52M+ subs) and the fastest 100M+ player onboarding (2 months), Hamster Kombat is set for potentially crypto’s largest airdrop from its 100B token supply.

But $HMSTR is more than an airdrop; it’s a community-driven token set to power a burgeoning game publishing platform and seamlessly onboard the next billion users into Web3.

Your in-game strategy and engagement directly translate into your stake in this ecosystem. The Hamsters could be the new whales!

You can buy $HMSTR for $0.002319, as its market volume has increased by over 20% in the last 24 hours.

4. SUBBD ($SUBBD) – Beyond Disruption, It’s Creator Liberation

It’s time for a radical shift with SUBBD ($SUBBD), moving beyond simple disruption and into creator liberation. This platform is set to dismantle traditional barriers content creators face, offering real autonomy and ownership.

Picture an ecosystem where you fully control your content, your audience data, and your monetization, free from high platform fees and restrictive policies.

The $SUBBD token fuels that revolution, facilitating transparent transactions, community governance, and access to tools designed for direct creator-to-fan engagement and value exchange.

With 20% staking bonuses, and selling for $0.055475 at the current stage in its presale, $SUBBD is not one to miss. Buying is simple and impactful if you’re all about disruption and change for the better.

It’s about empowering artists, writers, musicians, and all creators to build sustainable careers on their own terms, fostering creative and financial freedom, making it one of the best presales.

It’s the dawning of the age of authentic creator empowerment with $SUBBD.

Crypto’s Turning Point: Invest with Insight

As the crypto industry matures and becomes more welcoming, it opens the space to crypto innovation and investment.

Especially with the positive regulatory signals we’ve seen this week, unique projects offering real value will naturally catch the eye of investors looking to navigate the space.

Coins like $SUBBD and $MIND, with their bold visions and cutting-edge approaches, are great examples of the exciting opportunities popping up in the altcoin market.

While the innovation, potentially being supported by clearer regulations, is exciting, it’s still essential to do your homework. Crypto is a rollercoaster, so do your own research to see if an investment fits with your goals and finances.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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