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This resource center contains links to congressional proposals related to the regulation of crypto assets and other helpful materials.
Crypto asset legislation is on the horizon. We have started to see legislative proposals, some of which are meant to create a regulatory framework for all crypto assets and others for certain classes of crypto assets such as stablecoins. We expect these proposals—even if not enacted in their current forms—to provide the building blocks for future proposals that ultimately become law.
Featured insights
Comprehensive crypto asset regulation
Lummis-Gillibrand Responsible Financial Innovation Act
Thompson Digital Commodity Exchange Act of 2022
Stabenow-Boozman Digital Commodities Consumer Protection Act of 2022
Beyer Digital Asset Market Structure and Investor Protection Act
Stablecoins
Toomey Stablecoin TRUST Act of 2022
Davis Polk blackline of 12/21/22 introduced version against 4/6/22 discussion draft
Waters-McHenry discussion draft
Hagerty-Hollingsworth Stablecoin Transparency Act
Gottheimer Stablecoin Innovation and Protection Act of 2022
Security status
Latest crypto news
May 18, 2023
House Financial Services Subcommittee holds hearing on stablecoins
The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise.”
Chairman French Hill opening statement
Witness Testimony: Fennie Wang; Matt Homer; David Portilla; Robert Morgan; Delicia Reynolds Hand
May 17, 2023
BIS releases FSI Insight on crypto
The Bank for International Settlements released a Financial Stability Institute Insight entitled “Crypto, tokens and DeFi: navigating the regulatory landscape.”
May 10, 2023
Carolyn Wilkins speaks on a CBDC
Bank of England External Member of the Financial Policy Committee Carolyn Wilkins delivered a speech entitled “Money: A Question of Purpose and Trust” at the OMFIF global annual Digital Monetary Institute symposium.
May 10, 2023
Subcommittee on Digital Assets, Financial Technology and Inclusion and Agriculture Subcommittee on Commodity Markets, Digital Assets and Rural Development hold hearing on future of digital assets
The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion and the House Agriculture Subcommittee on Commodity Markets, Digital Assets and Rural Development held a joint hearing entitled “The Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Markets.”
Chairman French Hill opening statement
Witness Testimony: Andrew Durgee; Matthew Kulkin; Marco Santori; Daniel Schoenberger; Timothy Massad; Michael Blaugrund
May 5, 2023
Letitia James releases proposed crypto regulations
New York State Attorney General Letitia James released proposed regulations on the crypto industry.
May 5, 2023
BoE releases CBDC Technology Forum meeting minutes
The Bank of England released the minutes from the CBDC Technology Forum meeting held on March 14, 2023.
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