When a blockchain developer raises funds to build a new blockchain-based protocol, it often does so by selling a cryptocurrency, or token, that, as the theory goes, will at some point in the future be used to access the protocol that eventually gets built. The fundraising resembles a traditional initial public offering, whereby a company… Read More: Regulation Crypto Assets: Policymaking by Crypto, for Crypto »
On June 30, Paul Atkins, chairman of the Securities and Exchange Commission, stood before the Economic Club of New York and delivered a history lesson. With the nation’s 250th birthday days away, Mr. Atkins told his audience that the Declaration of Independence and Adam Smith’s “Wealth of Nations,” both products of 1776, rest on “the… Read More: Paul Atkins Misreads Adam Smith and the American Founding »
On July 22, Senate Republicans released updated text of the Digital Asset Market Clarity Act (the CLARITY Act), combining the work of the Senate Banking and Agriculture Committees into a 616-page package. Most commentary and debate has focused on the ethics and decentralized-finance provisions, as well as the bill’s effort to close the GENIUS Act… Read More: Why Title I of the CLARITY Act Will Produce Chaos,… »
The federal government is pursuing two policies that are on a collision course. On one track, it is accelerating the development and commercialization of quantum computing. In June 2026, President Trump issued an executive order establishing a whole-of-government effort to “accelerate deployment and commercialization of quantum computing, sensing, and networking.” A companion order directed federal… Read More: Why Financial Regulators Need a Plan for Quantum-Vulnerable Digital Assets »
On July 11, the 21st Century ROAD to Housing Act became law without President Trump’s signature. It is the most significant bipartisan housing package in decades. Near the end of its 300-plus pages is a provision that has nothing to do with housing: through December 31, 2030, the Federal Reserve may not issue a central… Read More: The CBDC Conspiracy Theory That Became Law »
Since Congress enacted the Guiding and Establishing National Innovation for U.S. Stablecoins Act, better known as the GENIUS Act, the Office of the Comptroller of the Currency has seen a flood of applications from crypto firms seeking national trust bank charters. Stablecoin issuers, crypto exchanges, custody firms, and fintech payment companies are all racing to… Read More: Why the OCC’s Stablecoin Charter Push Is Illegal, Dangerous, and… »
Tomorrow, the Senate Banking Committee will hold a markup on its portion of a cryptocurrency market structure bill. The markup was originally scheduled for January but was postponed the night before after Coinbase CEO Brian Armstrong publicly withdrew his support for the legislation on X. One of the most common arguments advanced in support of… Read More: The Crypto Industry Wants America to Become the Bahamas »
World Liberty Financial sits at the center of President Trump’s growing cryptocurrency empire. Founded in 2024 by Zachary Folkman, Chase Herro, and the families of Donald J. Trump and White House adviser Steven Witkoff, World Liberty’s website at one point listed President Trump as “Co-Founder Emeritus” and his three sons as co-founders. World Liberty is… Read More: Is $WLFI an Unregistered Security? »
After Republicans regained control of Congress and the White House in the last election, the crypto industry—having contributed substantial sums to campaign efforts—moved aggressively to advance its legislative agenda. Its first win came with the GENIUS Act, which established a federal framework for issuing stablecoins. But the real prize is market structure legislation, which would… Read More: Crypto is Everything Everywhere All at Once »
This week, the House of Representatives is set to vote on the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which passed in the Senate last month. If signed into law, GENIUS will create the first comprehensive federal framework for payment stablecoins. Advocates in Congress and the crypto industry offer a range… Read More: The Myth of Stablecoin-Fueled Dollar Dominance »
