On July 18, President Donald Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), creating the first federal framework for U.S. dollar stablecoins.
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7/24/2025
/ Banking Sector ,
Cryptocurrency ,
Digital Assets ,
Financial Institutions ,
Financial Services Industry ,
New Legislation ,
OCC ,
Regulatory Requirements ,
Stablecoins ,
State and Local Government ,
U.S. Treasury
On June 17, 2025, the U.S. Senate passed S. 1582 (GENIUS Act) with bipartisan support (68–30), creating the first comprehensive federal framework for stablecoin regulation. This landmark legislation establishes clear...more
6/19/2025
/ Blockchain ,
Corporate Issuers ,
Cryptocurrency ,
Depository Institutions ,
Digital Assets ,
Federal Reserve ,
FinTech ,
OCC ,
Pending Legislation ,
Popular ,
Regulatory Agenda ,
Stablecoins ,
Startups ,
U.S. Treasury
On June 28, 2024, the U.S. Treasury Department and the Internal Revenue Service (IRS) issued final broker reporting regulations that mandate broker reporting for centralized exchanges and hosted wallet providers, providing...more
7/5/2024
/ Brokers ,
Chevron Deference ,
Crypto Exchanges ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Wallets ,
Final Rules ,
IRS ,
Popular ,
Reporting Requirements ,
Revenue Procedures ,
Safe Harbors ,
U.S. Treasury
On Friday, August 25, 2023, the U.S. Treasury Department (Treasury) released proposed regulations interpreting the broker reporting rules for digital assets that were part of the 2021 Infrastructure Investment and Jobs Act...more