Congress Enacts Stablecoin Law; Federal Reserve Urges Stronger Reserve Rules
The GENIUS Act establishes a federal stablecoin framework, but compliance is contingent on forthcoming inter-agency rules defining reserve quality and mitigating regulatory arbitrage risk.
Kenya Parliament Passes VASP Bill, Establishing Comprehensive Digital Asset Framework
Kenya's VASP Bill mandates licensing and robust AML/CFT for digital asset firms, signaling a critical shift towards formalized market integrity.
Scotland Bill Legally Defines Digital Assets as Property
The Digital Assets (Scotland) Bill establishes digital assets as property, providing critical legal certainty for industry operations and investment.
GENIUS Act Reshapes Banking, Drives Funds to Stablecoins
The new GENIUS Act is set to disrupt traditional banking, prompting a shift of retail deposits towards higher-yielding stablecoins.
U.S. Banks Lobby Congress to Broaden Stablecoin Yield Ban
Banks intensify efforts to expand the GENIUS Act's stablecoin yield prohibition, mandating a re-evaluation of digital asset product structuring.
US Crypto Bill Nears Passage, Clarifying Digital Asset Rules
A landmark US crypto bill, backed by bipartisan support, is poised to pass, bringing much-needed regulatory clarity to digital assets.
Coinbase CEO Optimistic about US Crypto Regulatory Clarity Bill
A key crypto executive sees a clear path for US legislation, signaling potential stability for the digital asset market.
SEC and CFTC Clarify Spot Crypto Trading Rules
U.S. regulators’ joint statement on spot crypto product listings signals a definitive shift towards market integration and operational clarity.
US House Passes Stablecoin Bill for Presidential Signature
The GENIUS Act's passage mandates stringent reserve backing and transparency, fundamentally altering compliance for stablecoin issuers.
