IRS Finalizes Mandatory Digital Asset Broker Reporting on New Form 1099-DA
Custodial digital asset brokers must immediately update compliance frameworks to capture gross proceeds by January 1, 2025, formalizing the tax reporting architecture.
SEC Staff Permits State Trust Companies Digital Asset Custody
The SEC staff's no-action relief operationalizes crypto custody for registered funds, expanding institutional access under rigorous due diligence standards.
Congress Passes Stablecoin Bill Mandating Reserves and Legal Clarity
The GENIUS Act's passage mandates 1:1 reserve backing and legal clarity, requiring issuers to immediately align operational and capital structures.
Congress Enacts GENIUS Act Mandating Strict Stablecoin Reserve Requirements
The new federal law codifies payment stablecoins as non-securities, compelling issuers to architect 1:1 reserve controls for immediate operational compliance.
House Passes CLARITY Act Establishing Digital Asset Market Structure
The CLARITY Act's House passage mandates a bifurcated compliance architecture, requiring firms to segment operations based on the new digital commodity and security taxonomy.
Bank of England Consults on Systemic Sterling Stablecoin Reserve and Holding Rules
Prudential standards for systemic sterling stablecoins mandate strict reserve composition and temporary holding limits to mitigate payment system risk.
IRS Creates Safe Harbor for Digital Asset Staking Investment Trusts
The new Revenue Procedure 2025-31 provides essential tax clarity, enabling institutional ETPs to operationalize proof-of-stake yield.
DOJ Restricts Digital Asset Enforcement to Willful Criminal Violations
The DOJ memorandum shifts risk from technical regulatory non-compliance to clear criminal intent, demanding firms re-prioritize fraud and illicit finance controls.
EU Markets in Crypto-Assets Regulation Fully Applies Mandating Licensing
Full MiCA application mandates immediate operational updates for CASP licensing and robust market abuse controls across the EU single market.
