In this issue:
In this issue:
U.S. Financial Services Firms Announce Stablecoin Products
By Jackson
Illinois’s interchange fee law is permanently enjoined for most entities after OCC preemption, but a fragmented outcome sets the stage for further appeals.
By Arthur S. Long, Jack McNeily, Parag Patel, Barrie VanBrackle, Pia Naib, and Deric Behar
Key Points:
The Proposal would establish principles-based AML/CFT and sanctions compliance standards for stablecoin issuers aligned with FinCEN and OFAC, as well as supervision and enforcement provisions.
By Arthur S. Long, Parag Patel, Pia Naib, and Deric Behar
Key Points:
Comprehensive regulation to come with further licensing regimes for crypto advisory and asset management services, in addition to crypto dealing and custody.
By Simon Hawkins and Adrian Fong
On 26 May 2026, the Hong Kong Financial Services and Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) issued consultation conclusions on their legislative proposals
In this issue:
Participants are invited to comment on the appropriateness of MiCA by 31 August 2026.
By Axel Schiemann, Thomas Vogel, Lasse Winzer, Stuart Davis, and Gabriel Lakeman
Key Points:
The Order aims to integrate digital asset providers and innovative technologies into traditional financial services via broader access to the FRB’s payment infrastructure.
By Jenny Cieplak, Zachary Fallon, Arthur S. Long, Parag Patel, Yvette D. Valdez, Stephen P. Wink, Pia Naib, and Deric Behar
Key Points:
On May 22, 2026, the Federal Deposit Insurance Corporation (FDIC) released proposed rules to implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) required under the GENIUS Act.Continue Reading ›
Stablecoin Initiatives Launch, AI and Crypto Companies Seek Bank Charters
By