On April 8, 2026, the US Department of the Treasury’s (“Treasury“) Financial Crimes Enforcement Network (“FinCEN“) and the Office of Foreign Assets Control (“OFAC“) issued a joint proposed rule (“Proposed Rule“) to implement provisions of the Guiding and Establishing National Innovation for US Stablecoins Act (“GENIUS Act“). The Proposed Rule implements the GENIUS Act’s anti-money laundering (“AML“) and sanctions compliance program requirements and encourages innovation in payment stablecoins while providing a regulatory regime to mitigate potential illicit…
Latest Posts
- US Treasury Department Proposes Rule to Implement GENIUS Act’s Anti-Money Laundering and Sanctions Compliance Program Requirements for Stablecoin Issuers
- How Similar Is “Substantially Similar”? Treasury’s Principles for Evaluating State Stablecoin Regimes Under the GENIUS Act
- The PARITY Act’s De Minimis Rewrite—and the “Bitcoin Coffee” Problem It Leaves Unsolved
- Federal Court Dismisses Crypto Developer’s Pre‑Enforcement Challenge Relating to His Crowdfunding Tool
- How To Wield The Clarity Act As A Litigation Defense Tool
- What the IRS’s New Form 1099-DA Means for DeFi Users
- The “Code is Not a Crime” Moment, Brought to You by the Promoting Innovation in Blockchain Development Act of 2026
- California’s Crypto Licensing Era Begins: DFPI Commences Acceptance of DFAL Applications on March 9th
Recent
The U.S. Department of the Treasury has taken a significant step in implementing the GENIUS Act’s stablecoin framework.…
One of the most anticipated features of the bi-partisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields…
For years, blockchain developers have urged U.S. courts to provide clearer ex ante guidance on when writing or…
In a recent Law360 article, Baker McKenzie partners David Zaslowsky and Peter Chan explore how the US Digital…
IRS Form 1099-DA, “Digital Asset Proceeds,” is being rolled out starting with the 2025 tax year. With this…
On February 26, 2026, a bipartisan group of U.S. House members introduced the Promoting Innovation in Blockchain Development…