As the Treasury Department prepares to implement the GENIUS Act, it is seeking comment on its proposed framework for how to decide when a payment stablecoin...
Regulating new technology has never been as easy as it is necessary. And U.S. federal banking agencies gave stablecoin regulation their strongest shot during the...
The New York State Department of Financial Services (DFS) announced a proposed regulation that would harmonize its stablecoin framework with new federal regulations. The proposed...
As regulation moves from proposal to final rules, comment letters reveal where frictions and consensus are taking shape. The Tuesday (June 9) deadline is fast...
Stablecoins brought U.S. dollar-equivalents to users outside of the U.S. regulatory system. Now, the cryptocurrency and FinTech industries want to bring those same digital dollars...
Two years ago, the defining feature of U.S. crypto regulation was its uncertainty. Regulators relied heavily on enforcement rather than formal rulemaking, leaving companies to...
Washington has decided that stablecoins are too significant, economically and systemically, to remain outside the regulatory perimeter. Now comes the rulemaking. With the GENIUS Act’s...
Four banking associations are looking to pause the rulemaking process for the GENIUS Act until one of the relevant final rules has been issued. The American Bankers Association (ABA), Bank...
Few industries have fates as entwined with their regulatory guardrails as crypto. After all, few industries are as unregulated as crypto has traditionally been. At...