On January 28, 2026, staff at the U.S. Securities and Exchange Commission (SEC) published a Statement on Tokenized Securities. The Statement describes different categories of tokenized securities of interest to the SEC staff, and includes technical descriptions of each category.Continue Reading ›
Crypto Business
Senate Releases Crypto Market Structure Bills
In mid-January 2026, key Senate committees published discussion drafts of market structure legislation for comprehensive federal regulation of digital assets. The Senate Banking Committee’s version of the bill is called the “Digital Asset Market Clarity Act.” The Senate Agriculture Committee’s version of the bill is called the “Digital Commodity Intermediaries Act.”Continue Reading ›
SEC Authorizes Pilot Program for Tokenized Securities Trading
In a recent social media post and television interview, Securities and Exchange Commission Chairman Paul Atkins announced that US capital markets are “poised to move on-chain.” At the same time, on December 11, 2025, the SEC staff issued a no-action letter to a prominent registered clearing agency and securities depositary to launch a securities…
Crypto Heads to Y’all Street
A prominent cryptocurrency exchange’s recent announcement that it had reincorporated from Delaware to Texas has created a buzz among publicly traded digital asset businesses. The move follows an invitation from Texas Governor Greg Abbott to come to “Y’all Street” and a series of recent legislative developments in Texas to modernize the Texas Business…
Senate Ag Committee Releases Bipartisan Crypto Market Legislation
On November 10, 2025, Chairman John Boozman (R-MT) and Senator Cory Booker (D-NJ) of the Senate Agriculture, Nutrition and Forestry Committee released a discussion draft of legislation regulating crypto markets in the United States. The draft is similar in several ways to the Clarity Act, which the House of Representatives passed in July 2025.
SEC Staff Provides Guidance on Crypto Custody
On September 29, 2025, staff in the SEC’s Division of Investment Management issued no-action relief for certain crypto asset custodians. Specifically, the relief will, under certain circumstances, allow SEC-registered investment advisers (Registered Advisers), registered investment companies and business development companies (collectively, Regulated Funds) to treat a state-chartered trust company as a “bank” (for custody purposes)…
Treasury Continues Implementation of GENIUS Act
On September 19, 2025, the Department of the Treasury published an advance notice of proposed rulemaking to solicit public comment on questions relating to implementation of the GENIUS Act. Comments are due October 20, 2025.Continue Reading ›
UK ICO Launches Consultation on Distributed Ledger Technologies Guidance
By Hunton
On August 28, 2025, the UK Information Commissioner’s Office initiated a public consultation on draft guidance on Distributed Ledger Technologies, focusing on blockchain.Continue Reading ›
Trump Signs Executive Order on “Politicized” and “Unlawful” Debanking
By Hunton
President Donald Trump has signed a sweeping Executive Order titled “Guaranteeing Fair Banking for All Americans,” aimed at preventing financial institutions from denying services to individuals or businesses based on political or religious beliefs, lawful business activities, or other constitutionally and statutorily protected attributes. While the impetus for debanking historically has been political and regulatory…
President’s Working Group Issues Report on Digital Financial Technology
On July 30, 2025, the President’s Working Group on Digital Assets released its report entitled “Strengthening American Leadership in Digital Financial Technology.” The report champions American innovation in crypto, and “endorses the notion that digital assets and blockchain technologies can revolutionize not just America’s financial system, but systems of ownership and governance economy-wide.”Continue Reading ›