Regulation: archive
Every Regulation story in Digital Assets, newest first. 121 stories
1 story
SEC staff FAQs separate issuer promises from token classification
The Sept. 25 answers, updated Sept. 28, say an issuer's own description of decentralization governs whether it kept its word, while the Commission's release governs the label.
1 story
Why the Digital Asset Market Clarity Act failed in the Senate
CoinDesk's interviews with more than a dozen participants and aides point to piecemeal Senate drafting, a rejected ethics deal and White House involvement.
6 stories
EBA's stablecoin lending options put examiners in charge
A leverage cap and a certification requirement would decide which firms may lend against stablecoins in the EU; the coverage names no number, no date, and no obligated party for either.
Peirce leaves the SEC as her crypto rulebook is still being written
The exit removes the commissioner most identified with the agency's crypto posture and leaves a two-member commission to decide a proposal and a five-year exemption.
The Blockchain Association changes chiefs after the Clarity Act fails
Summer Mersinger leaves a week after the Senate loss; founder Kristin Smith returns on an interim basis while keeping her Solana Policy Institute post, leaving the next permanent chief to fight at the agencies rather than the Senate floor.
SEC staff writes a staking carve-out it can unwrite
Qualifying staking receipts sit outside the securities categories, handing funds a wrapper answer today and a durability question tomorrow.
Cuomo wants rules for a market he's already building
The former New York governor's federal-framework pitch arrives with a disclosed seat on OKX's board and a joint venture with the NYSE's parent, which tells you which register the rules would be written around.
Two business days is the Fed's real stablecoin standard
A 48-hour redemption deadline turns stablecoin reserves into a liquidity test, and the GENIUS Act's 120-day approval clock decides who has to sit for it.
7 stories
The Fed writes the stablecoin reward presumption into rule
Matching the OCC's construction moves the reward fight off the Senate floor and into a sixty-day comment record.
The Fed's yield presumption is the rule that binds
Two draft rules and a 60-day docket will decide how much value platforms can hand back to stablecoin holders, with Congress no longer in the room.
CFTC puts tokenized collateral behind an equivalence proof
Customer funds can sit in tokenized assets and ledgers can be the official record, but the equivalence clause puts the burden of proof on the wrapper.
Peirce's zero-knowledge KYC pitch binds no one
A commissioner's preference for reusable identity checks asks institutions to hold less customer data while leaving every existing compliance duty exactly where it was.
ESMA puts tokenization and AI on the examiner's desk
From 2027 the EU's securities supervisors will check how regulated firms use tokenized products and AI in client-facing business, a constraint that arrives as evidence requests rather than new rules.
Europe's supervisors put quantum computing on the operational-risk ledger
The 6.9 million bitcoin with public keys already visible onchain sit beyond the reach of Europe's post-quantum deadlines.
Washington's stablecoin export plan is a Treasury-demand program
Three agencies would sell dollar tokens overseas before the rulemaking that defines them is finished, with the reserve book and emerging-market pushback as the real constraints.
2 stories
Tokenized equities get a compliance path with an expiry date
Time- and size-limited, the SEC's Innovation Exemption now governs how tokenized U.S. equities trade, and the firms building to it are underwriting a clock the next Commission controls.
The bitcoin stockpile bill is a lock, not a purchase program
A 28-21 committee vote puts the government's 325,000 seized coins one chamber from a twenty-year hold; the SEC's tokenized-equity exemption may matter more.
6 stories
Lummis pins the Clarity Act on Democrats; the rulebook moves to agencies
Her account of a bill that doubled in length and still lost every Democratic vote points the next crypto statute at committee races and agency dockets rather than the Senate floor.
White House and Treasury hand crypto's rulebook to regulators
The lame duck is a long shot, and the SEC and CFTC now write a rulebook the next election can rewrite.
a16z asks the SEC to define DEXs out of exchange status
Two letters dated three days before the agency's tokenized-stock exemption show the industry drafting its own market-structure rules and asking the SEC to sign them.
Kalshi blames odd tape on one subsidized market maker
A plausible paid-quoting defense leaves the venue's crypto volume unaudited in public, and the data that could settle it sits with regulators, out of public view.
The SEC's boring custody rule will outlast its crypto exemptions
A proposal covering both advisers and broker-dealers sits at the White House, and what it ratifies matters more to wealth platforms than what it permits.
Europe's stablecoin yield ban reaches for lending and staking
The same consultation response that widens the yield ban would delete MiCA's bank-deposit reserve floor. That second proposal says more about what central banks actually fear.
4 stories
Fairshake puts $30 million behind the Senate Banking gavel
The industry's biggest 2026 political commitment lands after the CLARITY Act failed, and it is aimed at the committee rather than the bill.
Clarity's defeat hands banks the deposit fight and Dubai a year
With the statute dead at 49-50, the SEC and CFTC write the interim rulebook, and the reward provision that killed the bill has to be traded away before the next one moves.
Bessent's dollar case runs through the stablecoin rulebook
Treasury is citing dollar-pegged stablecoins as evidence of the greenback's staying power, a claim that now rests on reserve rules and licenses Washington does not issue alone.
Kalshi's crypto volume fight is a disclosure fight
The exchange says its headline number follows an industry convention, and no rule requires a venue to say so in a filing.
2 stories
CFTC claims crypto's venue rules without writing a word
A ten-working-day review clock ending Oct. 1 is the only public feature of a two-part rulemaking that would govern retail crypto leverage, and it binds the agency to nothing.
CFTC files crypto rule at OMB with contents undisclosed
Three crypto actions landed this week with three different lifespans; only the untitled rulemaking at the White House has no built-in expiry.
7 stories
The SEC just put tokenized stocks on a five-year clock
The innovation exemption creates a venue class for tokenized U.S. equities, and the sunset clause will decide which of them still exist when it ends.
Congress is taxing staking before it says who regulates it
The Digital Asset Tax Certainty Act's committee advance puts staking, mining and broker-reporting definitions in motion while the market-structure bill fell short in the Senate; a tax definition sticks around longer than an agency accommodation.
SEC opens tokenized equities, then caps them at 0.25%
A temporary exchange exemption with volume caps, halt switches and a five-year fuse is less a market opening than an evidence-gathering exercise; the caps are the sampling design.
The SEC builds a 24-hour market on paper that expires
A five-year tokenization pass and a roundtable on overnight trading arrived an hour apart Thursday, before anyone wrote the rules that make either one last.
Clarity’s failure hands U.S. crypto policy to two reversible agencies
With the statute dead, the only durable parts of the American rulebook are agency accommodations that the next commission can rewrite — and the venue half remains undrafted.
Clarity's failure hands crypto's rulebook to two reversible agencies
Institutions lose the multi-year certainty a statute supplies, and no exemption the SEC writes this year binds the commission that replaces it.
The SEC's tokenization pass makes real stock ownership the entry ticket
A five-year pass from the exchange definition hands venues market-making room they must back with dividends, votes, and a custody chain, while the durable rules that would make it permanent stay unwritten.
4 stories
With CLARITY dead, two agencies write one rulebook at two speeds
The SEC has a comment deadline and the CFTC has two directives and no proposal, leaving the venue half of U.S. crypto rules as the half with nothing on the docket.
House tax panel advances crypto tax bill 38-5 after Clarity failure
The 38-5 committee vote gives crypto a win the week its market-structure bill died, but five legislative weeks leave the tax fix as momentum rather than law.
Payward asks the CFTC to bless perps matched onchain
The Kraken parent would list Hyperliquid-matched perps on Bitnomial and clear through NinjaTrader, leaving CFTC approval as the only gate.
Clarity dies at 49-50, and the industry settles for rescindable rules
Agency rulemaking is the only live path now, and the durability the bill promised is precisely what the vote removed.