Circle Internet Financial submitted a response to the U.S. Department of the Treasury in response to President Biden's Executive Order on digital assets, emphasizing the importance of balancing policy priorities to maintain market integrity while fostering innovation in compliance technologies. The response highlights Circle's collaboration with government and industry peers to advance digital identity tools that protect user privacy and comply with anti-money laundering (AML) and combatting the financing of terrorism (CFT) standards. Circle, alongside Virtual Asset Service Providers, has developed Verite, a set of decentralized identity protocols aiming to provide scalable and interoperable solutions with minimal data sharing. The company underscores the need for active dialogue with the Treasury to enhance the effectiveness of sanctions and improve AML/CFT enforcement globally, especially in regions with significant remittance flows. Circle advocates for permissioned DeFi standards to mitigate illicit activities without undermining the broader utility of decentralized finance.