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Phelps Dunbar

Is the GENIUS Act Smart for Community Banks?

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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

Orrick, Herrington & Sutcliffe LLP

Fed withdraws its notice on supervising “novel activities”

On August 15, the Fed announced it withdrew its bank supervision program related to the Fed’s initiatives on “novel activities.” The Fed will return to monitoring banks’ novel activities through the normal supervisory...more

Cadwalader, Wickersham & Taft LLP

New Lessons in Regulation, August 2025 - FRB Rescinds Novel Activities Supervision Program and Vice Chair Bowman Speaks on...

Last week, (almost two years to the day of when it was issued), the Federal Reserve Board (“FRB”) rescinded SR Letter 23-7 regarding the creation of the Novel Activities Supervision Program. The FRB stated that supervision of...more

Troutman Pepper Locke

The Federal Reserve’s Shift in Supervision Strategy for Novel Activities

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On August 15, the Federal Reserve Board announced a significant shift in its approach to supervising novel activities within banking organizations. The Board decided to sunset its Novel Activities Supervision Program, which...more

Katten Muchin Rosenman LLP

Tokenization of Real-World Assets: Opportunities, Challenges and the Path Ahead

Digital assets are no longer just the playground of fintech startups. Mainstream financial institutions now offer token-friendly custody and settlement, global exchanges are piloting digital-asset divisions, and traditional...more

BakerHostetler

Weekly Blockchain Blog - August 2025

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US Fintech and Digital Asset Companies Announce Stablecoin Initiatives - A major U.S. fintech company recently announced a partnership with the issuer of the USDC stablecoin “to give financial institutions the ability to...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - August 2025 - GENIUS Act Establishes Legal Framework for Payment Stablecoins

The President signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025’or ‘‘GENIUS Act of 2025’” (the Act) on July 18, 2025. The new law establishes a basis for regulators to permit a...more

A&O Shearman

Mansion House: HMT policy paper with update on the digital gilt instrument (DIGIT) pilot

A&O Shearman on

HM Treasury (HMT) has published a policy paper on its update on the digital gilt instrument (DIGIT) pilot. The paper follows the Preliminary Market Engagement Notice (PMEN), which closed in April and which was the first stage...more

BCLP

The GENIUS Act Ushers in a New Era for Stablecoin Regulation

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On July 17, 2025, Congress passed the Guiding and Establishing National Innovation for U.S Stablecoins Act (“GENIUS Act” or “Act”) – a landmark piece of legislation that received bipartisan support and was signed into law by...more

Loeb & Loeb LLP

Trends in Crypto Policy and Compliance

Loeb & Loeb LLP on

In this Q&A, senior counsel Melissa Hall explores the evolving regulatory landscape of cryptocurrency and its intersection with traditional finance. The discussion offers valuable insight into how the industry has shifted...more

Goodwin

DLT Pilot Regime: ESMA Report Highlights Legal Hurdles and Regulatory Next Steps

Goodwin on

On 25 June 2025, the European Securities and Markets Authority (ESMA) published its first comprehensive review of the Distributed Ledger Technology (DLT) Pilot Regime, a regulatory sandbox designed to test blockchain-based...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK and EU H1 Digital Assets Regulatory Update

The first half of 2025 brought significant developments in the regulation of digital and cryptoassets in the UK and EU. In this half-year update, we review these and look ahead to likely developments in the UK and EU in the...more

Carey Olsen

Bermuda leads the way on digital transformation

Carey Olsen on

The surge in adoption of digital technologies and AI is rapidly changing the business, investment and security environments. The global demand for improved and increased digital infrastructure capacity, resilience, speed and...more

BakerHostetler

Weekly Blockchain Blog - June 2025 #5

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Major US Payment Card Company Announces Multiple Digital Asset Initiatives - A major U.S. payment card services company recently announced multiple digital asset partnerships and products. ...more

BakerHostetler

Weekly Blockchain Blog - June 2025 #4

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US Bank Unveils ‘Deposit Token’; Exchange Launches Multiple Crypto Products - According to recent reports, the largest bank in the U.S. has unveiled plans to pilot a so-called “deposit token,” JPMD, on the Ethereum...more

Ankura

Green Gold and Shadow Networks: Financial Crime in the Illegal Wildlife Trade

Ankura on

What does the silent extinction of endangered species reveal about the hidden corridors of global finance? As financial transactions and environmental health become increasingly linked, a troubling reality emerges: illegal...more

White & Case LLP

Islamic Finance 2.0: Innovation, Tokenisation, and the Evolution of Sukuk Markets in the GCC

White & Case LLP on

A digital transformation is quietly reshaping the Islamic capital markets of the Gulf Cooperation Council (GCC). Tokenised and fractionalised sukuk are redefining how Shari'ah compliant capital is structured, distributed, and...more

Morgan Lewis

SEC Issues FAQs on Broker-Dealer Crypto Asset Activities, Transfer Agent Blockchain Use

Morgan Lewis on

The Staff of the Division of Trading and Markets of the US Securities and Exchange Commission issued on May 15, 2025 responses to Frequently Asked Questions Relating to Crypto Asset Activities and Distributed Ledger...more

Skadden, Arps, Slate, Meagher & Flom LLP

Update on MiCA Implementation: Implications for Copy Trading Services

Since December 2024, cryptoassets and related services are regulated in the European Union by the Markets in Crypto-Assets Regulation (MiCA). Although the regulation provides a comprehensive set of rules for issuers of...more

Troutman Pepper Locke

Where the F(BO) is the Money? Part 3 – DLT Account Ledgering

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This is the final article in our three-part series focused on a key question: as bank-fintech partnerships continue to play a vital role in driving financial services, how does the industry make this system safer and better?...more

BakerHostetler

Weekly Blockchain Blog - March 2025 #5

BakerHostetler on

In a recent press release, Custodial Bank and Vantage Bank announced “America’s first bank-issued stablecoin on a permissionless blockchain.” According to the press release, “[t]he banks collaborated on the mint, transfer and...more

Orrick, Herrington & Sutcliffe LLP

Hood reportedly discusses cryptoassets, de-banking, and new attitudes

On March 18, the OCC’s acting comptroller, Rodney Hood, reportedly spoke at a retail banking conference on several pertinent banking issues. Hood emphasized the OCC will not tolerate debanking of lawful businesses, including...more

Latham & Watkins LLP

OCC Affirms Regulated Entities Can Engage in Crypto and Stablecoin Activities

Latham & Watkins LLP on

In a break from restrictive Biden-era policies, OCC-supervised banks may now engage in crypto without supervisory nonobjection, potentially opening new avenues for innovation....more

Orrick, Herrington & Sutcliffe LLP

OCC interpretive letter permits cryptocurrency activities for banks

On March 7, the OCC issued its Interpretive Letter 1183, affirming that national banks and federal savings associations can engage in various cryptocurrency activities, including crypto-asset custody, certain stablecoin...more

Troutman Pepper Locke

OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities

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On March 7, the Office of the Comptroller of the Currency (OCC) issued a significant update regarding the involvement of national banks and federal savings associations in cryptocurrency activities. Interpretive Letter 1183...more

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