News & Analysis as of

Stablecoins

Orrick, Herrington & Sutcliffe LLP

NYDFS previews proposed stablecoin rules aligning with GENIUS Act

On June 9, NYDFS announced a proposed regulation to update New York’s U.S. dollar-backed stablecoin framework to conform to federal requirements for state frameworks under the GENIUS Act, which was enacted in July 2025. ...more

Morrison & Foerster LLP

MoFo's Financial Markets & Innovation - June 12, 2026

On June 10, the CFTC issued a proposed rule that would create a framework to determine whether events contracts include certain unlawful or prohibited conduct, including terrorism, war, and gaming. The framework would...more

Cozen O'Connor

House Ways and Means Committee Considers Digital Asset Tax Legislation

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On June 9, the House Ways and Means Committee held a legislative hearing to consider a series of proposals aimed at establishing a clearer tax framework for digital assets. The Committee reviewed eight measures, including six...more

Eversheds Sutherland (US) LLP

Georgia charts a course on stablecoin licensing: What it means for payments companies

Georgia has enacted the Payment Stablecoin Act (HB 1272/Act 452), establishing a state-level licensing framework for stablecoin issuance under the Georgia Department of Banking and Finance (Department). The Act is designed...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - June 11, 2026

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Crypto Coalition Sends Letter to Senate Urging That the Clarity Act Be Scheduled for Senate Vote - On June 7, a coalition of crypto firms and industry groups sent a letter addressed to the Senate Majority Leader John...more

Skadden, Arps, Slate, Meagher & Flom LLP

Fit for Purpose? European Commission Launches Review of MiCA

A new European Commission (the Commission) consultation on the review of the Markets in Crypto-Assets (MiCA) Regulation gives market participants until 31 August 2026 to submit comments....more

Lowenstein Sandler LLP

FCTM Breaking News: New York DFS Proposes New Payment Stablecoin Regulation

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On June 9, the New York State Department of Financial Services (DFS) released a draft for public comment of a proposed new Part 202 to Title 23 of the New York Codes, Rules and Regulations (the Proposed Regulations), which...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - June 2026 - Agencies Request Comments on GENIUS Act Implementation

The GENIUS Act has authorized several regulatory agencies to issue regulations to develop the first comprehensive federal regulatory framework governing payment stablecoins in the United States. The statute directs multiple...more

Morrison & Foerster LLP

Monthly Deposits – Issue #3 - MoFo’s Bank Regulatory Newsletter

Welcome to the third issue of Monthly Deposits: MoFo’s Bank Regulatory Newsletter, which provides an overview of recent developments in U.S. bank regulation, including proposed rules, reforms, and other significant updates....more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2026 # 2

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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On June 5, the...more

Eversheds Sutherland (US) LLP

CFTC approves bitcoin perpetual futures; SEC and CFTC define crypto framework

In the absence of digital asset market structure legislation, the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) are developing the regulatory framework for digital asset markets in...more

Crunched Credit

What A Piece of Currency is Stablecoin.  How Noble and Reasonable?

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I’ll admit up front to my luddite tendencies. Technology and I are not the best of friends. I sort of understand the argument about Crypto at a very superficial level. Okay, I get the argument that Crypto is like gold;...more

A&O Shearman

House of Lords Committee report urges action following stablecoin inquiry

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The House of Lords (Financial Services Regulation) Committee has published a report following its inquiry into the growth and proposed regulation of stablecoins in the UK. Among other things, the report examines the Bank of...more

BakerHostetler

Weekly Blockchain Blog - June 2026 #2

BakerHostetler on

U.S. Financial Services Firms Announce Stablecoin Products - A U.S. national bank, SoFi, recently announced that it is the first to offer a “U.S. national bank-issued stablecoin [that] is available directly on a banking...more

Orrick, Herrington & Sutcliffe LLP

NYDFS and European Banking Authority agree to share stablecoin supervisory information

On June 2, NYDFS announced that it had signed a memorandum of understanding (MOU) with the European Banking Authority (EBA) to foster cross-border cooperation on stablecoin supervision, including the sharing of confidential...more

Orrick, Herrington & Sutcliffe LLP

FDIC proposes BSA/AML and sanctions compliance standards for stablecoin issuers under the GENIUS Act

On May 22, the FDIC Board of Directors approved an NPRM that would implement BSA/AML and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) as required by the GENIUS Act....more

Orrick, Herrington & Sutcliffe LLP

OFAC sanctions largest Iranian digital asset exchanges for alleged terror finance and sanctions evasion

On June 2, the Office of Foreign Assets Control (OFAC) sanctioned four Iranian digital asset exchanges — including the country’s largest, which purportedly processed more than 50 percent of all Iranian digital asset inflows...more

Morrison & Foerster LLP

MoFo's Financial Markets & Innovation - June 5, 2026

On May 27, 2026, the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) filed parallel criminal and civil insider trading actions in the U.S. District Court for the Southern District of New...more

Orrick, Herrington & Sutcliffe LLP

CFTC staff issues advisory on 24/7 trading, clearing, and settlement

On May 29, the CFTC’s Division of Clearing and Risk, Division of Market Oversight, and Market Participants Division issued a staff advisory outlining regulatory expectations for designated contract markets, swap execution...more

Troutman Pepper Locke

CFTC Clears a Path for Onshore Crypto Perpetual Futures

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On May 29, the Commodity Futures Trading Commission (CFTC or Commission) took a set of actions that together open a path for digital asset perpetual contracts to trade on registered U.S. platforms by classifying them as...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - June 4, 2026

Clarity Act Reported to the Senate and Placed on the Legislative Calendar - On June 1, H.R. 3633, the Digital Asset Market Clarity Act, was reported to the Senate by Sen. Tim Scott of South Carolina and placed on the Senate...more

Spilman Thomas & Battle, PLLC

Decoded - Technology Law Insights, V 7, Issue 5, 2026

Welcome- Welcome to our fifth issue of 2026 of Decoded -- our technology law insights e-newsletter. During the summer months, our firm is pleased to host a talented group of law students, who get the opportunity...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 101: The Mechanics of Tokenized Deposits

Orrick partners Dan Ullman and Ben Hutten join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to examine the mechanics of tokenized deposits and the evolving regulatory framework surrounding digital payments. They discuss...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2026

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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week. Federal Activities: On May 31,...more

Latham & Watkins LLP

FDIC Issues Proposal on Illicit Finance Standards under GENIUS Act

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The Proposal would establish principles-based AML/CFT and sanctions compliance standards for stablecoin issuers aligned with FinCEN and OFAC, as well as supervision and enforcement provisions....more

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