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This resource center contains links to congressional proposals related to the regulation of crypto assets and other helpful materials.
Crypto asset legislation is on the horizon. We have started to see legislative proposals, some of which are meant to create a regulatory framework for all crypto assets and others for certain classes of crypto assets such as stablecoins. We expect these proposals—even if not enacted in their current forms—to provide the building blocks for future proposals that ultimately become law.
Featured insights
Comprehensive crypto asset regulation
Lummis-Gillibrand Responsible Financial Innovation Act
Thompson Digital Commodity Exchange Act of 2022
Stabenow-Boozman Digital Commodities Consumer Protection Act of 2022
Beyer Digital Asset Market Structure and Investor Protection Act
Stablecoins
Toomey Stablecoin TRUST Act of 2022
Davis Polk blackline of 12/21/22 introduced version against 4/6/22 discussion draft
Waters-McHenry discussion draft
Hagerty-Hollingsworth Stablecoin Transparency Act
Gottheimer Stablecoin Innovation and Protection Act of 2022
Security status
Latest crypto news
June 16, 2023
BIS issues press release on development of retail CBDC prototype
The Bank for International Settlements issued a press release regarding Project Rosalind’s development of a prototype application programming interface layer for retail CBDC systems.
June 13, 2023
HFSC holds hearing on digital asset ecosystem
The House Financial Services held a hearing entitled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.”
Witness testimony: Jeremy Allaire; Coy Garrison; Emin Gün Sirer; Thomas Sexton; Aaron Kaplan
June 8, 2023
Gary Gensler speaks on crypto securities
SEC Chair Gary Gensler delivered a speech entitled “We’ve Seen This Story Before.”
June 8, 2023
FCA releases press release on new marketing rules for cryptoassets
The Financial Conduct Authority released a press release entitled “FCA introduces tough new rules for marketing cryptoassets.”
June 6, 2023
House Committee on Agriculture holds hearing on digital assets
The House Committee on Agriculture held a hearing entitled “The Future of Digital Assets: Providing Clarity for Digital Asset Spot Markets.”
Glenn Thompson opening statement
Panel I witness testimony: Rostin Behnam
Panel II witness testimony: Christopher Giancarlo; Paul Grewal; Daniel Gallagher; Dan Berkovitz; Walter Lukken
June 2, 2023
Patrick McHenry and Glenn Thompson release discussion draft of digital asset legislation
Chairman of the House Financial Services Committee Patrick McHenry (NC-10) and Chairman of the House Committee on Agriculture Glenn Thompson (PA-15) released a discussion draft of legislation providing a statutory framework for digital asset regulation.
May 31, 2023
BIS releases FSI executive summary on cryptoasset exposures
The Bank for International Settlements released a Financial Stability Institute executive summary entitled “Prudential treatment of cryptoasset exposures.”
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