The US Securities and Exchange Commission (SEC) approved the use of in-kind creation and redemption mechanisms for cryptocurrency exchange-traded product (ETP) shares on July 29.1 This move aligns crypto-based ETPs with...more
The Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a staff statement expressing its views that certain liquid staking activities fall outside the federal securities laws....more
The White House released its comprehensive Digital Asset Policy Report (Report), fulfilling a mandate from Executive Order 14178 signed by President Donald Trump on January 23. The order established the President’s Working...more
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