Fed Signals Pro-Innovation Shift to Support Digital Asset Banking

The Federal Reserve outlined plans to clarify digital asset rules and explore a capital framework for stablecoin issuers, as Vice Chair Michelle W. Bowman described recent and proposed supervisory changes in testimony before the Senate Banking Committee. Fed Commits to Clarifying Digital Asset Rules for Banks Digital asset regulation is taking a more defined shape … Read more

OCC Proposes New Rules for Stablecoin Issuers Under GENIUS Act

The OCC is proposing a federal regulatory framework for payment stablecoins under the GENIUS Act that would set standards for issuance, reserves, supervision, and foreign issuers within its jurisdiction. OCC Seeks Comment on Broad Stablecoin Regulatory Plan Federal banking regulators are advancing oversight of digital assets. The Office of the Comptroller of the Currency (OCC) … Read more

Senator Blumenthal Demands Binance Records Over Alleged $1.7B Iran Sanctions Breach

A U.S. Senator has launched a formal Senate Homeland Security Committee inquiry into Binance following reports that the exchange facilitated $1.7 billion in cryptocurrency transfers to Iranian entities linked to terrorism. Investigating the Hong Kong Connection U.S. Sen. Richard Blumenthal, D-Conn., has launched an inquiry into Binance following reports that the platform allegedly facilitated $1.7 … Read more

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