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.
Resources by topic
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
September 27, 2023
BIS releases working paper on CBDC and monetary policy
The Bank for International Settlements released a working paper entitled “CBDC and the operational framework of monetary policy.”
September 22, 2023
NY Fed releases staff report on stablecoins
The Federal Reserve Bank of New York released a staff report entitled “Runs and Flights to Safety: Are Stablecoins the New Money Market Funds?”
September 18, 2023
NYDFS releases updated industry guidance on initiative to strengthen DFS oversight of virtual currencies
The New York Department of Financial Services released two industry letters entitled “Proposed Updates to Guidance Regarding Listing of Virtual Currencies” and “General Framework for Greenlisted Coins” respectively.
September 14, 2023
Subcommittee on Digital Assets, Financial Technology and Inclusion holds hearing on implications of a CBDC and private sector alternatives
The House Subcommittee on Digital Assets, Financial Technology and Inclusion held a hearing entitled “Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives.”
September 14, 2023
Sherrod Brown sends letter to Janet Yellen, Gary Gensler and Rostin Behnam on strengthening transparency in cryptocurrency markets
Chairman of the Senate Committee on Banking, Housing, and Urban Affairs Sherrod Brown sent a letter to Treasury Secretary Janet Yellen, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trade Commission Chair Rostin Behnam urging them to strengthen transparency in cryptocurrency markets.