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Financial Regulatory Reform New Legislation

Troutman Pepper Locke

Illinois Amends Student Loan Servicing Rights Act to Include Educational Income Share Agreements

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On August 15, Illinois Governor JB Pritzker approved Public Act 104-0383. This legislation, effective immediately, amends the Student Loan Servicing Rights Act and introduces Article 7, focusing on Educational Income Share...more

Troutman Pepper Locke

Illinois Passes New Laws Designed to Safeguard Consumers Against Cryptocurrency Fraud

Troutman Pepper Locke on

Last week, Illinois Governor JB Pritzker signed two landmark pieces of legislation aimed at protecting consumers from cryptocurrency scams and fraud. The Digital Assets and Consumer Protection Act (SB1797) and the Digital...more

Phelps Dunbar

Is the GENIUS Act Smart for Community Banks?

Phelps Dunbar on

The GENIUS Act, passed in July, is the first comprehensive federal framework for payment stablecoins in the United States. On the surface, it promises clarity and an opportunity for community banks to participate in the...more

Troutman Pepper Locke

GENIUS Act Under the Microscope: Strengths, Weaknesses, and Regulatory Milestones

Troutman Pepper Locke on

As digital assets continue to reshape the financial landscape, regulatory clarity around stablecoins is increasingly vital. The GENIUS Act, signed into law by President Trump in July, establishes the first-ever federal...more

Ballard Spahr LLP

Louisiana earned wage access law goes into effect

Ballard Spahr LLP on

An earned wage access (EWA) law has gone into effect in Louisiana. The legislation, passed earlier this year, became law without the signature of Gov. Jeff Landry....more

Goodwin

Stablecoins: An Alternative Payment Method for Merchants?

Goodwin on

A new wave of payment innovation is upon us, and it is fueled, at least in part, by digital-first consumers’ and merchants’ concerns about the rising costs of traditional payment methods....more

Sheppard Mullin Richter & Hampton LLP

Trade Groups Urge Congress to Address GENIUS Act Loopholes

On August 12, a coalition of banking trade associations sent a joint letter to Congress warning that the recently enacted GENIUS Act contains a loophole that could allow the indirect payment of interest or yield on payment...more

Mintz - Antitrust Viewpoints

Bipartisan AI Bill Reintroduced; Senate Challenges China Chip Reversal — AI: The Washington Report

On July 30, Unleashing AI Innovation in Financial Services Act, a bipartisan, bicameral bill was reintroduced to “establish regulatory guardrails at financial regulatory agencies for regulated entities to test AI projects.”...more

Haynes Boone

Financial Services Regulatory Roundup | August 2025

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TABLE OF CONTENTS: • President Trump Signs GENIUS Act Into Law • Joint Statement on Crypto Risk Management • Federal Agencies Propose Rescission of the 2023 Community Reinvestment Act Final Rule • FDIC Seeks Input...more

Blake, Cassels & Graydon LLP

Bill 92: Quebec Takes Another Step in Modernizing its Financial Sector Framework

With Bill 92 now adopted and enacted, this bulletin is updated to reflect the actual provisions of the Act. Bill 92, An Act to amend various provisions mainly with respect to the financial sector (2025, chapter 16)...more

Katten Muchin Rosenman LLP

Payment Stablecoins Get "Smart" (or GENIUS-like)

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

Snell & Wilmer

GENIUS Act and a New Digital Asset Era

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In a landmark move, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). This bipartisan bill establishes the first comprehensive federal framework for stablecoin...more

Eversheds Sutherland (US) LLP

The GENIUS Act: US law for payment stablecoins

The first piece of major US federal legislation in the global digital assets space was signed into law on July 18, 2025, by President Trump.1 Declared by President Trump as positioning the United States to be the “crypto...more

Hogan Lovells

Crypto week in the U.S. House of Representatives: The GENIUS Act and the push for regulatory clarity

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Following the week of July 14, 2025 – labelled as “Crypto Week” by the U.S. House of Representatives – the United States has witnessed significant developments in its digital asset regulatory framework, including the signing...more

A&O Shearman

Bank Resolution (Recapitalisation) Act implemented

A&O Shearman on

The Bank Resolution (Recapitalisation) Act 2025 (Commencement) Regulations 2025 have been made, which brings into force certain provisions of the Bank Resolution (Recapitalisation) Act 2025 from 16 July, in parallel with the...more

Stinson LLP

Payment Stablecoin Regulatory Framework Established as GENIUS Act Signed Into Law

Stinson LLP on

The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the GENIUS Act) was recently signed into law by President Trump, establishing a regulatory framework for payment stablecoins and their issuers. The...more

Alston & Bird

GENIUS Act Establishes Federal Regulatory Oversight of Global Stablecoin Industry

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Our Privacy, Cyber & Data Strategy and White Collar, Government & Internal Investigations Teams examine how the GENIUS Act’s framework for stablecoin issuers will impact the cryptocurrency sector....more

Jones Day

Stablecoins: Revolutionizing Global Finance?

Jones Day on

Following the recent focus on two major regulatory frameworks—the Guiding and Establishing National Innovation for U.S. Stablecoins Act (known as the GENIUS Act) in the United States, and Regulation (EU) 2023/1114 of the...more

DLA Piper

Stablecoins and the Genius Act: What You Need to Know

DLA Piper on

On July 17, 2025, the US Congress passed the Guiding and Establishing National Innovation for US Stablecoins Act (Genius Act or Act) by 308–122 vote, a landmark piece of legislation establishing the first federal regulatory...more

King & Spalding

Stablecoin Legislation Has Left The Stable

King & Spalding on

On July 18, 2025, President Trump signed into law the first major piece of cryptocurrency legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (“GENIUS Act”). The legislation, which creates a...more

ArentFox Schiff

GENIUS Act Ushers in New Era for US Stablecoin Regulation and Digital Asset Leadership

ArentFox Schiff on

On July 18, President Trump signed the GENIUS Act into law, marking a significant development in the regulation of digital assets and stablecoins in the United States....more

Polsinelli

Blockchain+ Bi-Weekly; Crypto Legislation Breaks Through: GENIUS Act Signed, CLARITY Advances and Other Key Web3 Legal Highlights:...

Polsinelli on

In a historic week for digital assets, the United States has officially enacted its first federal crypto legislation with the GENIUS Act signed into law on July 18, 2025. Passed after the longest House vote in history, this...more

Proskauer - Blockchain and the Law

Crypto in the Capitol: States Take the Lead on Strategic Bitcoin Reserves

As the digital economy continues to evolve, the U.S. government and a handful of states are beginning to experiment with new strategies for financial resilience, including the creation of Strategic Bitcoin Reserves (“SBR”)....more

Wiley Rein LLP

Building a Digital Asset Regulatory Framework: The GENIUS Act and Next Steps

Wiley Rein LLP on

On July 18, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the GENIUS Act) establishing a regulatory framework for digital assets classified as payment...more

A&O Shearman

The GENIUS Act: Transforming U.S. Stablecoin Regulation

A&O Shearman on

On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), establishing the first U.S. statutory federal regulatory framework for payment...more

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