Recognizing the growing demand for virtual currency custodial services and the increased use of sub-custodial relationships in the digital asset space, the New York Department of Financial Services (NY DFS) announced updated...more
The U.S. Department of the Treasury issued a Request for Comment required by the recently passed Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), seeking public input on the use of...more
Welcome to Wilson Sonsini’s Focus on Fintech newsletter. This quarterly newsletter provides ongoing analysis and commentary on regulatory developments impacting the fintech industry.
In this issue, our attorneys discuss...more
For the first time, the U.S. has passed federal legislation dedicated to establishing a regulatory framework in the cryptocurrency space, as President Trump signed the Guiding and Establishing National Innovation for U.S....more
8/11/2025
/ Banking Regulators ,
Digital Assets ,
FDIC ,
Federal Reserve ,
New Legislation ,
OCC ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Rulemaking Process ,
Stablecoins
Recognizing the evolving landscape of digital finance, the Conference of State Bank Supervisors (CSBS), an association of state financial regulators, issued advisory guidance on the treatment of virtual currency held on a...more
On June 17, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. If enacted, the bill would establish a comprehensive federal regulatory framework for stablecoins...more
6/25/2025
/ Banks ,
CFTC ,
Cryptocurrency ,
Federal Reserve ,
Financial Regulatory Reform ,
OCC ,
Popular ,
Proposed Legislation ,
Regulatory Requirements ,
Stablecoins ,
U.S. Treasury
Welcome to Wilson Sonsini’s Focus on Fintech newsletter. This quarterly newsletter provides ongoing analysis and commentary on regulatory developments impacting the fintech industry.
In this issue, our attorneys discuss...more
5/2/2025
/ Banking Sector ,
Consumer Protection Laws ,
Cryptocurrency ,
Enforcement Actions ,
Financial Services Industry ,
FinTech ,
Popular ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities Regulation
A federal banking agency, the Office of the Comptroller of the Currency (OCC), has smoothed the way for national banks and federal savings associations to engage in crypto-related activities with the issuance of Interpretive...more