Author Archives: Lee Reiners

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… »

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 »

Following an initial focus on the development of a regulatory framework for stablecoins—culminating in Senate approval of the GENIUS Act, which is expected to be considered on the House floor next week—Congress is shifting its attention to the more complex issue of crypto market structure. On June 10, 2025, both the House Committee on Agriculture… Read More: The Limits of CLARITY: Disclosure, Classification, and the Path Forward… »

Open AI is an artificial intelligence (AI) research and deployment company that is behind the creation and commercialization of ChatGPT as well as other research initiatives concerning artificial general intelligence (AGI), “a highly autonomous system that outperforms humans at most economically valuable work.” AGI has been considered a fringe topic in the technology industry. For… Read More: AI Governance in Boardrooms: Why Social Enterprise Law Falls Short »

The SEC finalized its climate-risk disclosure rule earlier today, two years after first proposing the rule. The final rule significantly pares back disclosure requirements for greenhouse gas emissions but otherwise adheres to the basic structure of the proposed rule. This post summarizes the process followed to get to this point, potential legal challenges to the… Read More: The SEC’s Climate-Risk Disclosure Rule: What a Long Strange Trip… »

In my new paper for the Climate Risk Disclosure Lab, I examine the different approaches to regulating Environmental, Social, and Governance (ESG) investing in the U.S. and European Union. The rise of ESG has brought significant challenges. The lack of a universal framework for ESG evaluation makes it difficult for investors and other stakeholders to… Read More: Regulating ESG Investing in the US and EU »