Photo of Edward Nogay

Edward Nogay

Subscribe to Edward Nogay's Posts

Eddie is a member of the firm’s White Collar + Government Investigations team. He focuses his practice on conducting high-stakes internal investigations and defending leading financial institutions facing regulatory scrutiny from government and industry regulators including the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), and the U.S. Department of Justice (DOJ).

Contact:Read more about Edward Nogay

The U.S. Department of the Treasury (Treasury) has delivered to Congress the report on Innovative Technologies to Counter Illicit Finance Involving Digital Assets, as required by the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The report largely reflects the comments Treasury received about how financial institutions (including digital asset service providers (DASPs)) use technologies such as artificial intelligence (AI), digital identity, blockchain analytics, and application programming interfaces (APIs) to detect and disrupt illicit finance involving digital assets, including payment stablecoins. The report highlights many of the challenges and frustrations that institutions are experiencing in trying to adopt these emerging technologies, and promises additional guidance in the future.

In 2025, the U.S. digital asset landscape evolved more dramatically than in any year since the industry’s inception. A pro‑innovation White House, an active Congress, and key regulators — including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Office of the Comptroller of the Currency (OCC), the Department of…