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.
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
Toomey Stablecoin TRUST Act of 2022
Waters-McHenry discussion draft
Hagerty-Hollingsworth Stablecoin Transparency Act
Gottheimer Stablecoin Innovation and Protection Act of 2022
Emmer Securities Clarity Act
Davidson Token Taxonomy Act
Latest crypto news
January 30, 2023
Scott O'Malia speaks on digital asset derivatives issues
International Swaps and Derivatives Association CEO Scott O'Malia delivered informal comments on digital asset derivatives issues in derivatiViews.
January 27, 2023
Fed issues policy statement on permissible crypto-asset-related activities
The Federal Reserve Board issued a policy statement on permissible activities for supervised entities, regardless of deposit insurance status, including crypto-asset-related activities.
January 26, 2023
ISDA releases press release on digital assets derivatives
The International Swaps and Derivatives Association released a press release entitled "ISDA Launches Standard Definitions for Digital Asset Derivatives."
January 26, 2023
Kristin Johnson speaks on crypto
Commodity Futures Trading Commission Commissioner Kristin Johnson gave a speech entitled "Mitigating Crypto-Crises: Applying Lessons Learned in Governance, Risk Management, and Compliance."
January 23, 2023
NY DFS releases industry guidance on virtual currency
The New York Department of Financial Services released industry guidance regarding custodial structures for customer protection in the event of insolvency.
January 19, 2023
BIS releases working papers on decentralized finance and limits of fiat money
The Bank for International Settlements released two working papers entitled "The Technology of Decentralized Finance (DeFi)" and "The Bank of Amsterdam and the limits of fiat money" respectively.