Blockchain Legal Resource

After unsuccessful past efforts to enact federal legislation regulating stablecoins, Congress has again turned to stablecoins. While it is always difficult to predict whether any bill will pass, there seems to be growing support in the current Congress, with the Senate Banking Committee and House Financial Services committee working closely together to adopt legislation.

In a wide-ranging public statement entitled “The Journey Begins,” SEC Commissioner Hester Peirce previewed next steps for the SEC’s Crypto Task Force. As chair of the Crypto Task Force, Commissioner Peirce’s statement lays out a broad agenda for the SEC’s approach to cryptocurrency over the next four years.