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.
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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
November 29, 2023
Wally Adeyemo speaks on digital assets
Deputy Secretary of the Treasury Wally Adeyemo delivered remarks on digital assets at the 2023 Blockchain Association’s Policy Summit in Washington, D.C.
November 29, 2023
BIS releases report on CBDC
The Bank for International Settlements released a report entitled “Central bank digital currency (CBDC) information security and operational risks to central banks.”
November 28, 2023
FSB releases report on multifunction crypto-asset intermediaries
The Financial Stability Board released a report entitled “The Financial Stability Implications of Multifunction Crypto-asset Intermediaries.”
November 17, 2023
BIS releases working paper on stablecoins
The Bank for International Settlements released a working paper entitled “On par: A Money View of Stablecoins.”
November 15, 2023
HFSC holds hearing on crypto crime
The House Financial Services Committee held a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets.”
French Hill’s (R-AR) opening statement
Witness testimony: William Hughes; Jane Khodarkovsky; Jonathan Levin; Gregory Lisa; Alison Jimenez
November 15, 2023
NYDFS releases new guidance on the listing of virtual currencies
The NYDFS released new guidance on the listing of virtual currencies.
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