Davis Polk partner David Portilla was quoted in IFLR discussing the potential effects of the GENIUS Act on banking M&A activity.

David noted that one impact of the legislation may be felt in banking M&A as institutions decide if they want crypto asset businesses and, if so, whether to create or acquire them.

“One of the potential outcomes flowing from the Genius Act and the current policy view on crypto asset activities is that banking organizations may need to decide whether they’re going to engage in those expanded activities, and if so, whether they are they going to build the capability themselves, or are they going to buy the capability,” he said.

“Banking lawyers expect busy end to the year in the US,” IFLR (September 2, 2025) (subscription required)

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