Congress recently passed the first significant federal legislation recognizing the apparent enduring presence of payment stablecoins in the US financial and consumer markets. President Donald Trump signed into law on July 18,...more
After the Senate passed the GENIUS Act last month, the House of Representatives has now passed the GENIUS Act by a vote of 308-122, sending the landmark stablecoin legislation to President Trump for his signature....more
The US Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) by a vote of 68-30, a significant development for cryptocurrency regulation in the United States. This passage...more
6/23/2025
/ Banks ,
Cryptocurrency ,
Financial Institutions ,
Financial Regulatory Reform ,
New Legislation ,
OCC ,
Popular ,
Proposed Legislation ,
Regulatory Requirements ,
Stablecoins ,
U.S. Treasury
Pundits and pontificators have been looking for any sign or indication as to how (and when) the new Trump administration will come into shape with respect to the consumer financial services sector. While only broad outlines...more
On May 22, the Consumer Financial Protection Bureau (CFPB) released an interpretive rule (Rule) that subjects certain "buy now, pay later" (BNPL) providers to requirements set forth in the Truth in Lending Act's implementing...more