For years, stablecoin regulation was stuck in an uncertain legal gray zone with no clear rules until the GENIUS Act arrived as a turning point. For the first time, a concrete federal framework has drawn a line by requiring reserves to be held, demanding transparency, and putting consumer protections front and center.
Cryptocurrency and Digital Assets
Posted inRegulatory Enforcement
OCC says Anchorage Digital has fulfilled its AML compliance obligations
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
Posted inFinancial Services
Regulatory overhaul: SEC’s “project crypto” sets path for U.S. crypto primacy
Securities and Exchange Commission Chairman Paul Atkins has launched “Project Crypto,” a major regulatory overhaul aimed at shifting the agency from enforcement to innovation. Atkins’ address outlined as many as nine Commission-wide initiatives to revamp the SEC’s rulebook for the digital finance era.
Posted inRegulatory Enforcement
Guilty pleas for cryptocurrency service used as a money highway by criminals
The owners of cryptocurrency mixing service Samourai Wallet pleaded guilty to transmitting more than $200 million in criminal transactions, according to the Department of Justice.
Posted inRegulatory Enforcement
SEC’s Crypto Task Force hits the road with nationwide roundtables
The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.
Posted inRegulatory Enforcement
Crypto betting platform Polymarket off the hook as DOJ and CFTC close federal investigations, report says
The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) reportedly ended two investigations into Polymarket, a popular online crypto betting service that calls itself a “prediction market.” The move continues the Trump administration’s pro-crypt agenda.
Posted inRegulatory Enforcement
Florida alleges that Robinhood Crypto’s fee disclosures are inaccurate
The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.
Posted inFinancial Services
FHFA chief orders Fannie and Freddie to consider crypto assets in mortgage assessments
In another sign of President Donald Trump’s focus on cryptocurrency, the head of the U.S. Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to create proposals to consider crypto assets for a single-family home mortgage.
Posted inRegulatory Enforcement
Crypto firms brace for tighter UK oversight as FCA plots integration with financial markets
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned legislation due to come into effect next year.
Posted inRegulatory Enforcement
DOJ charges crypto executive with laundering $530M for sanctioned Russian banks
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.