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The GENIUS Act of 2025 Stablecoin Legislation Adopted in the US

On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for US Stablecoins Act (the GENIUS Act), legislation that establishes a regulatory framework for payment stablecoins. ...more

Competing Stablecoin Bills Reflect Consensus and Divergence on Key Issues

Stablecoin regulation is a top priority for lawmakers, and three recent proposals reflect differing perspectives on how to achieve regulatory clarity while balancing safety and innovation....more

FDIC Vice Chairman Cautions Against New Regulation as a Response to Recent Bank Failures

In contrast with the White House’s position, the Vice Chairman denied that loosened Dodd-Frank rules contributed to the recent bank failures. On April 12, 2023, Federal Deposit Insurance Corporation (FDIC) Vice Chairman...more

FRB Again Highlights Risks in the Stablecoin Sector

Treasury officials believe congressional action is “highly appropriate” this year to address the risks that the latest financial stability report underscores. On May 9, 2022, the Board of Governors of the Federal Reserve...more

BIS Issues Consultation on Stablecoin Regulation

The global central bank cooperative body envisions stablecoins within the context of international standards for payment, clearing, and settlement systems. Among the different types of digital assets, global authorities...more

FAQs: Federal Reserve’s Main Street Lending Facilities for Small and Mid-Sized Businesses

Federal Reserve set to make up to $600 billion available to eligible small and mid-sized businesses. On April 9, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced details regarding the...more

Federal Reserve to Establish a Facility to Facilitate Lending to Small Businesses Pursuant to the SBA’s Paycheck Protection...

The facility is expected to increase funding and liquidity for the program and should allow lenders to move PPP loans off their balance sheets. On April 6, 2020, the Federal Reserve announced its intention to facilitate...more

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