GENIUS Act Signed Into Law, Establishing Stablecoin Federal Framework
President Trump signed the GENIUS Act into law, creating the first U.S. federal regulatory regime for payment stablecoins after a 308-122 House passage.
Latest regulation news, market data, and on-chain analysis.
The early-2025 executive order created an inter-agency working group on digital asset policy and explicitly disavowed any U.S. CBDC.
Treasury formally established a working group to study a U.S. Strategic Bitcoin Reserve, with seized-asset BTC as the proposed initial source.
After years of litigation, the long-running enforcement action against Coinbase appears to be heading toward a tightly-scoped settlement focused on staking products.
The full Markets in Crypto-Assets framework entered into force on January 1, 2025, completing a multi-year rollout and forcing widespread CASP licensing.
Parliament has approved a tightly-scoped bill governing fiat-backed stablecoins, finally giving issuers a clear path to operate from London.
An appeals court overturned key parts of the conviction against a Tornado Cash developer, narrowing federal money-transmission liability for open-source crypto contributors.
Under new leadership, the SEC formally dismissed enforcement actions against Consensys, Robinhood Crypto, Uniswap Labs, and several other prominent industry firms.
Acting CFTC Chair Caroline Pham testified that the agency stands ready to assume primary jurisdiction over digital commodity spot markets if the CLARITY Act passes.
The Hong Kong Monetary Authority finalized its stablecoin issuer regime, paving the way for HKD-pegged digital currencies and offshore-yuan stablecoin pilots.
The Monetary Authority of Singapore expanded restrictions on retail crypto promotion, banning influencer endorsements and requiring tighter risk-disclosure standards.
Brazil's central bank-led Drex pilot expanded to include tokenized federal bond settlement, integrating CBDC, stablecoins, and government securities on a single rail.
Seoul's Financial Services Commission signaled it will permit spot Bitcoin ETFs, ending years of restrictive policy and unlocking a major Asian retail market.
Three years after India imposed a 1% transaction-deducted-at-source rate on crypto trades, the bulk of Indian retail crypto activity has migrated to offshore venues.
The Financial Services Agency authorized the first wave of bank-issued yen stablecoins, with three megabanks and a handful of regional banks among the inaugural cohort.
The Council of Economic Advisers found that a full ban on passive stablecoin yield would cost consumers roughly $800 million annually in lost returns.