US starts clock to bring in ID checks for converting dollars to stablecoins but DeFi stays outside the rules
US agencies are formalizing identity checks at the issuer gate while leaving the transfer layer politically exposed.
Follow crypto legislation news, proposed bills, lawmaker debates, and policy frameworks shaping the future of digital assets.
The CLARITY Act is losing momentum as lawmakers juggle housing, elections, defense and surveillance battles.
The local rupee quote shows how enforcement pressure can make stablecoin liquidity more expensive before regulated rails are ready.
BIS research puts private dollar tokens closer to sovereign funding markets than the payment-rail debate suggests.
The crypto industry is widening its lobbying campaign as lawmakers confront a four-week window to settle enforcement and ethics disputes.
Hyperliquid, Aave, Uniswap and other revenue-generating protocols could benefit if clearer CLARITY Act rules bring more trading, lending and tokenized assets onto public blockchains.
The president's opposition to a digital dollar remains intact, even as he delays signing the bill that would codify it.