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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

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)

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

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 ›

On April 17, 2024, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a bill entitled the Lummis-Gillibrand Payment Stablecoin Act. The bill is the latest bipartisan effort by the two senators to provide a comprehensive federal oversight regime for the regulation of stablecoins.

US Department of the Treasury’s Office of Foreign Assets Control (OFAC), the US Department of Commerce’s (Commerce) Bureau of Industry and Security (BIS) and the US Department of Justice (DOJ), collectively issued guidance regarding the obligations of non-US based companies and persons to comply with US sanctions (Tri-Seal Compliance Note: Obligations of foreign-based persons to