

Former House Financial Services Chairman Patrick McHenry argues that the cryptocurrency industry helped derail the CLARITY Act by rejecting achievable compromises, particularly over stablecoin rewards, ethics provisions, and competing commercial interests. Although the House passed the bill with bipartisan support, a Senate procedural vote failed, and Democrats’ 2026 election victories further reduced its prospects. The…

The GENIUS Act introduces a federal framework for payment stablecoins but does not exempt all businesses involved, such as exchanges and wallets, from existing money-transmission regulations. Companies must evaluate their roles in handling stablecoins, including whether they issue stablecoins or perform money transmission and how these activities are regulated federally and by individual states. The…

A startup has developed a noncustodial wallet that allows customers to sign transactions independently, without the company holding their private keys. Despite this, the startup’s compliance with money transmitter licensing remains ambiguous as it depends on the nature of its services and regulatory frameworks. Federal and state laws vary in defining money transmission, necessitating a…

The content discusses the launch of Tether’s USA₮ under the GENIUS Act and its implications for businesses entering the stablecoin sector. It emphasizes that the legal issuer, Anchorage Digital Bank, differs from Tether, which only provides technology and branding. The article also highlights the importance of understanding regulatory responsibilities, governance, and compliance structure. Bo Hines’s…

The Office of the Comptroller of the Currency has implemented final regulations under the GENIUS Act, effective January 18, 2027, providing stablecoin businesses with a defined operational framework. It requires issuers to evaluate products and redemption systems against new criteria, particularly concerning rewards programs. The rules eliminate a proposed presumption against certain commercial arrangements and…

This week, regulators examined the framework of digital assets, focusing on tokenization, customer-fund protection, stablecoin competition, and cross-border fraud. The SEC highlighted tokenization as a 2027 examination priority. In Ireland, Coinbase was fined over €3.25 million for safeguarding breaches. A lawsuit was filed concerning Circle’s USDC stablecoin against President Trump and others for potential constitutional…

The Blockchain Association supports a new SEC framework for token offerings but seeks changes to fundraising limits, transition filings, and secondary trading protections.

The GENIUS Act introduces a new federal framework impacting businesses involved with stablecoins. Companies need to reassess their operations to comply with this regulation, considering varied implications depending on specific activities, such as issuing or accepting stablecoins. Key dates include January 18, 2027, when significant regulations take effect, and July 18, 2028, which imposes further…

This week, courts and regulators tackled crypto under various legal frameworks. A federal court upheld a CFTC-Gemini settlement, while the OCC revealed that major banks impose restrictions on digital-asset businesses. In Illinois, litigation regarding a crypto tax accelerated, and USDC became the first classified significant e-money token in Europe. Additionally, a UK court ruled that…

This week saw significant regulatory actions in the U.S. and Europe regarding cryptocurrency. The CFTC proposed a federal framework for leveraged crypto transactions and redefined gambling-related event contracts. In Europe, the ESMA urged compliance with regulations concerning noncompliant stablecoins and started plans for direct supervision of major crypto-asset service providers. Additionally, New York settled with…