The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), which would comprehensively regulate stablecoins in the United States, was adopted by the U.S. Senate on June 17 by a bipartisan...more
6/24/2025
/ Commodities ,
Cryptocurrency ,
Custodians ,
Depository Institutions ,
Digital Assets ,
FDIC ,
Financial Services Industry ,
OCC ,
Payment Processors ,
Payment Systems ,
Pending Legislation ,
Regulatory Requirements ,
Securities ,
Stablecoins ,
U.S. Treasury
The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain virtual currency products and services, such as stablecoins and digital wallets, within...more
1/14/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Wallets ,
Electronic Fund Transfer Act ,
Financial Institutions ,
FinTech ,
Fraud ,
Interpretive Rule ,
Proposed Rules ,
Regulation E ,
Stablecoins ,
Virtual Currency
With more fintech’s looking to expand their businesses internationally, it can be daunting to navigate varying regulations across borders. This article focuses on regulations in the United States. For those also focused on...more
5/1/2023
/ Banks ,
Cross-Border Transactions ,
Cryptocurrency ,
FDIC ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements
Continuing a trend of expanding its supervisory scope, the Consumer Financial Protection Bureau (CFPB) announced on April 25, 2022 that it will examine fintechs and other nonbank financial enterprises, based on reasonably...more
5/10/2022
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
FinTech ,
FOIA ,
New Rules ,
Non-Bank Lenders ,
Risk Mitigation ,
Supervision ,
Transparency
On March 9, 2022, President Biden issued the Executive Order Ensuring Responsible Development of Digital Assets setting forth six principal policy objectives in furtherance of U.S. initiatives in the crypto and digital asset...more