Crypto Currently: Crypto News Center

With the change in approach to crypto under the Trump 2.0 Administration, the White House, Congress, agencies and certain states have each announced significant developments. The News Center features a curated collection of the key crypto-related news, events and announcements from the White House, Congress, the Commodity Futures Trading Commission, Securities and Exchange Commission, Prudential Regulators, and state legislatures. Designed to help you stay “current” on the latest developments, the News Center is updated twice a day.

White House
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Office of Management and Budget, Statement of Administration Policy: S.J. Res. 3 - Joint Resolution Providing for Congressional Disapproval of the Rule Submitted by the Internal Revenue Service Relating to “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” (Mar. 4, 2025)

Executive Order, Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile (Mar. 6, 2025)

Executive Order, Ensuring Accountability for All Agencies (Feb. 18, 2025)

Executive Order, Strengthening American Leadership in Digital Financial Technology (Jan. 23, 2025)
United States Congress – House of Representatives and Senate
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119th Congress, Notice of Meeting (Mar. 28, 2025)

119th Cong., Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 (“STABLE Act”) (Introduced Mar. 26, 2025)

119th Cong., Financial Technology Protection Act of 2025 (Introduced Mar. 26, 2025)

119th Cong., H.J.Res.25, Disapproving the rule submitted by the Internal Revenue Service related to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales” (Passed Senate Mar. 26, 2025)

Senator Ted Cruz Press Release, Sen. Cruz Introduces Bill to Block Federal Reserve from Issuing Central Bank Digital Currency (Mar. 26, 2025)

Congressman Tom Emmer Press Release, Emmer Reintroduces Legislation to Provide Regulatory Clarity for Digital Assets (Mar. 26, 2025)

Congresswoman Young Kim, Kim, Amo Highlight Blockchain’s Potential to Advance Foreign Policy Goals (Mar. 25, 2025)

Senate Committee on Banking, Housing, and Urban Affairs, Nomination Hearing for Paul Atkins, Jonathan Gould, Luke Pettit, and the Honorable Marcus Molinaro (Scheduled for Mar. 27, 2025)

Senate Committee on Banking, Housing, and Urban Affairs Press Release, Scott Advances Stablecoin, Debanking Legislation Out of Banking Committee (Mar. 13, 2025)

Senate Committee on Banking, Housing, and Urban Affairs, Markup of the GENIUS Act of 2025 and the FIRM Act (Mar. 13, 2025)

Senate Committee on Banking, Housing, and Urban Affairs Press Release, Scott Joins Hagerty, Colleagues in Reintroducing Updated Legislation on Stablecoins (Mar. 10, 2025)

Congressional Research Service, An Overview of S. 394, GENIUS Act of 2025 (Mar. 10, 2025)

House Committee on Financial Services Press Release, Chairman Hill Applauds House Passage of Resolution to Overturn Harmful 'Broker Rule' (Mar. 11, 2025)

119th Cong., Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025 (“BITCOIN Act”) (Introduced Mar. 11, 2025)

119th Cong., Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act (“GENIUS Act”) (Reintroduced Mar. 10, 2025)

House Committee on Financial Services Press Release, Hill, Steil, Wagner Encourage SEC to Remove Digital Asset Hurdles Put in Place by Biden Administration (Mar. 7, 2025)

Congressman Tom Emmer Press Release, Congressman Emmer Announces Stakeholder Support for the Anti-CBDC Surveillance State Act (Mar. 6, 2025)

Congresswoman Kat Cammack Press Release, Rep. Cammack Introduces Deploying American Blockchains Act of 2025 (Mar. 5, 2025)

119th Cong., S.J.Res.3, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales" (Passed Senate Mar. 4, 2025)

Congressman Tom Emmer Press Release, ICYMI: Emmer Announces Formation of Nonpartisan Congressional Crypto Caucus (Mar. 3, 2025)

119th Cong., S.809, Saving Privacy Act (Introduced Feb. 27, 2025)

119th Cong., Joint Resolution Disapproving the Rule Submitted by the Bureau of Consumer Financial Protection relating to ‘‘Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications’’ (Introduced Feb. 27, 2025)

House Committee on Oversight Press Release, Comer Investigates FDIC’s Potentially Politically Motivated Attempts to Suppress Crypto-Related Activity (Feb. 28, 2025)

House Committee on Ways and Means Press Release, Ways and Means Repeals Biden Administration’s Midnight Crypto Rule, Provides Bipartisan Tax Filing Relief for Disaster Victims (Feb. 27, 2025)

119th Cong., Modern Emoluments and Malfeasance Enforcement Act (“MEME Act”) (Introduced Feb. 27, 2025)

House Committee on Financial Services Press Release, Financial Services Committee Requests Feedback on Legislative Proposals to Increase Investor Access and Facilitate Capital Formation (Feb. 26, 2025)

House Committee on Ways and Means, Markup of H.J.Res. 25, Disapproving the rule submitted by the Internal Revenue Service related to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales” (Scheduled for Feb. 26, 2025)

119th Cong., Crypto ATM Fraud Prevention Act (Introduced Feb. 25, 2025)

House Committee on Financial Services Press Release, Full Committee Hearing Entitled: “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency” (Scheduled for Mar. 11, 2025)

Exploring Bipartisan Legislative Frameworks for Digital Assets, Hearing Before the Senate Committee on Banking, Housing and Urban Affairs (scheduled for Feb. 26, 2025)

House Committee on Financial Services Press Release: Hill, Meuser, Barr, and Steil Provide FDIC With Recommendations to Help Clarify Digital Asset Regulations, Prevent Debanking (Feb. 20, 2025)

House Committee on Financial Services Press Release, ICYMI: Chairman Hill, Rep. Steil Publish Op-Ed on the Importance of Congressional Action on Digital Assets (Feb. 19, 2025)

Senator John Kennedy Press Release, Kennedy champions bill to protect investor privacy by prohibiting vulnerable SEC database (Feb. 21, 2025)

119th Cong., H.R.1430, To Amend the Federal Reserve Act to Limit the Ability of Federal Reserve Banks to Issue Central Bank Digital Currency (Introduced Feb. 18, 2025)

A Golden Age of Digital Assets: Charting a Path Forward, Hearing Before the House Committee on Financial Services (Feb. 11, 2025)

Congresswoman Maxine Waters, Stablecoin Legislation (Released Feb. 10, 2025)

119th Cong., Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 (“STABLE Act”) (Released Feb. 6, 2025)

119th Cong., Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act (“GENIUS Act”) (Introduced Feb. 4, 2024)
Prudential Regulators
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FDIC Press Release, FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities (Mar. 28, 2025)

Office of the Comptroller of the Currency Event, Acting Comptroller Discusses Digital Assets (Scheduled for Mar. 26, 2025)

Department of Treasury Press Release, Tornado Cash Delisting (Mar. 21, 2025)

Office of the Comptroller of the Currency News Release, OCC to Host Virtual Innovation Office Hours (Mar. 12, 2025)

Office of the Comptroller of the Currency Press Release, OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities (Mar. 7, 2025)

Department of the Treasury Press Release, Treasury Department Announces New Appointments (Feb. 27, 2025)

Federal Reserve Vice Chair for Supervision Michael S. Barr, Promoting Responsible Innovation through the Novel Activities Program (Feb. 27, 2025)

Department of the Treasury Press Release, Treasury Department Announces New Appointments (Feb. 26, 2025)

Federal Reserve Vice Chair for Supervision Michael S. Barr, Risks and Challenges for Bank Regulation and Supervision (Feb. 20, 2025)

Jonathan Gould Nominated to be Comptroller of the Currency (Feb. 11, 2025)

Jonathan McKernan Nominated to be Director of the Bureau of Consumer Financial Protection (Feb. 11, 2025)

FDIC Press Release, FDIC Releases Documents Related to Supervision of Crypto-Related Activities (Feb. 5, 2025)
Commodity Futures Trading Commission
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CFTC Press Release, CFTC Staff Withdraws Advisory on Virtual Currency Derivative Product Listings (Mar. 28, 2025)

CFTC Press Release, CFTC Staff Withdraws Advisory on Review of Risks Related to Clearing Digital Assets (Mar. 28, 2025)

CFTC, Commissioner Mersinger to Participate on a Panel at the Digital Chamber’s DC Blockchain Summit (Scheduled for Mar. 26, 2025)

CFTC Chairman Caroline D. Pham, Keynote Address by Acting Chairman Caroline D. Pham, FIA BOCA50 (Mar. 11, 2025)

CFTC Press Release, CFTC Releases Enforcement Advisory on Self-Reporting, Cooperation, and Remediation (Feb. 25, 2025)

CFTC Public Statement, CFTC Commissioner Christy Goldsmith Romero to Step Down from the Commission and Retire from Federal Service (Feb. 26, 2025)

Brian Quintenz Nominated to be Chairman of the Commodity Futures Trading Commission (Feb. 11, 2025)

CFTC Press Release, CFTC Announces Crypto CEO Forum to Launch Digital Asset Markets Pilot (Feb. 7, 2025)

CFTC Press Release, Acting Chairman Pham to Launch Public Roundtables on Innovation and Market Structure (Jan. 27, 2025)
Securities and Exchange Commission
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SEC, SEC Announces Dismissal of Civil Enforcement Action Against Kraken (Mar. 27, 2025)

SEC, SEC Announces Dismissal of Civil Enforcement Action Against Cumberland (Mar. 27, 2025)

SEC, SEC Announces Dismissal of Civil Enforcement Action Against Consensys Software Inc. (Mar. 27, 2025)

SEC Commissioner Hester M. Peirce, Miles To Go: Remarks before The Digital Chamber's 8th Annual DC Blockchain Summit (Mar. 26, 2025)

SEC Press Release, SEC Crypto Task Force to Host Four More Roundtables (Mar. 25, 2025)

SEC Chairman Mark T. Uyeda, Remarks at the Crypto Task Force’s Inaugural Roundtable (Mar. 21, 2025)

SEC Commissioner Caroline A. Crenshaw, Remarks to Crypto Task Force Roundtable 1 - “Defining Security Status” (Mar. 21, 2025)

SEC Commissioner Hester M. Peirce, At the SEC: It Is Finally Spring (Mar. 21, 2025)

SEC Commissioner Caroline A. Crenshaw, Crypto Mining Statement: The Flame in Plato’s Cave (Mar. 20, 2025)

SEC Division of Corporation Finance, Statement on Certain Proof-of-Work Mining Activities (Mar. 20, 2025)

SEC Video, Crypto Task Force Roundtable — March 21 (Mar. 18, 2025)

SEC Chairman Mark T. Uyeda, Remarks to the Investment Company Institute’s 2025 Investment Management Conference (Mar. 17, 2025)

SEC Chairman Mark T. Uyeda, Remarks to the 2025 Annual Washington Conference of the Institute of International Bankers (Mar. 10, 2025)

SEC, How We Got Here and How We Get Out – Defining Security Status (Scheduled for Mar. 21, 2025)

SEC Investor Advisory Committee Meeting, Nebraska Department of Banking and Finance Deputy Director Claire McHenry, State Securities Perspectives on Retail Investor Fraud in America (scheduled for Mar. 6, 2025)

SEC Press Release, SEC Crypto Task Force to Host Roundtable on Security Status (Mar. 3, 2025)

SEC Press Release, Commissioner Hester Peirce Announces Crypto Task Force Staff (Mar. 3, 2025)

SEC Commissioner Caroline A. Crenshaw, Response to Staff Statement on Meme Coins: What Does it Meme? (Feb. 27, 2025)

SEC Commissioner Caroline A. Crenshaw, Crypto 2.0: Regulatory Whiplash (Feb. 27, 2025)

SEC Commissioner Hester M. Peirce, Getting Back on Base: Statement of Commissioner Hester M. Peirce on the Dismissal of the Civil Enforcement Action Against Coinbase (Feb. 27, 2025)

SEC Press Release, SEC Announces Dismissal of Civil Enforcement Action Against Coinbase (Feb. 27, 2025)

SEC Division of Corporation Finance, Staff Statement on Meme Coins (Feb. 27, 2025)

SEC Chairman Mark T. Uyeda, Remarks at the Florida Bar’s 41st Annual Federal Securities Institute and M&A Conference (Feb. 24, 2025)

SEC Commissioner Hester M. Peirce, There Must Be Some Way Out of Here (Feb. 21, 2025)

SEC Press Release, SEC Announces Cyber and Emerging Technologies Unit to Protect Retail Investors (Feb. 20, 2025)

SEC Chairman Mark T. Uyeda, Introductory Remarks at the 2nd Annual Judge Stanley Sporkin SEC Division of Enforcement Directors Panel (Feb. 20, 2025)

SEC, Unopposed Motion to Voluntarily Dismiss Appeal in Connection with Dealer Rule (Feb. 19, 2025)

SEC Commissioner Hester M. Peirce, The Journey Begins (Feb. 4, 2025)

SEC, Staff Accounting Bulletin No. 122 (Jan. 23, 2025)

SEC Press Release, SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force (Jan. 21, 2025)
States
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Kentucky, HB 701, An Act Relating to Blockchain Digital Assets (Signed into law Mar. 24, 2025)

California, SB-97, An act to amend Section 3603 of the Financial Code, relating to financial regulation (Amended Mar. 14, 2025)

South Dakota, HB-1196, Update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements (Signed into law Mar. 13, 2025)

Nebraska, Office of the Governor Press Release, Gov. Pillen Signs Bill Creating Protections from Cryptocurrency Fraud (Mar. 12, 2025)

California, Department of Financial Protection & Innovation Press Release, DFPI Strengthens Partnership with CA Department of Justice to Stop Crypto Scams and Prevent Consumer Financial Loss (Mar. 10, 2025)

South Dakota, H.B. 1196, Update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements (Signed by Senate President Mar. 5, 2025)

Florida, SB 292, An Act Relating to Virtual Currency Kiosk Businesses (1st Reading Mar. 4, 2025)

New York, A6461, An act to amend the economic development law, in relation to the development and creation of distributed ledger technology and business entities that develop such technology (Introduced Mar. 5, 2025)

New York, A6515, An act to amend the penal law, in relation to establishing certain offenses relating to crypto fraud (Introduced Mar. 5, 2025)

New York, A6266, An Act to Amend the Banking Law and the Financial Services Law in Relation to Limited Purpose Trust Companies (Introduced Feb. 28, 2025)

Texas, SB 1498, An Act Relating to Civil Asset Forfeiture of Digital Currency or Other Similar Property (Introduced Feb. 20, 2025)

Colorado, SB25-079, Colorado Vending of Digital Assets Act (Introduced Jan. 23, 2025; Preamended Feb. 20, 2025)

California, SB-822, Civil Procedure: unclaimed property (Introduced Feb. 21, 2025)

New York, S5473, An act to amend the financial services law, in relation to requiring certain disclosures in advertisements involving virtual tokens (Introduced Feb. 21, 2025)

California, AB 1029, An act to amend, repeal, and add Section 82034 of the Government Code, relating to the Political Reform Act of 1974 (Introduced Feb. 20, 2025)

Texas, SB 21, Texas Strategic Bitcoin Reserve and Investment Act (Introduced Feb. 12, 2025)

New York, S4728, An Act in Relation to Establishing the New York State Cryptocurrency and Blockchain Study Task Force (Introduced Feb. 12, 2025)

Florida, HB 487, Investments of Public Funds in Bitcoin (Introduced Feb. 10, 2025)

Florida, SB 550, Investments of Public Funds in Bitcoin (Introduced Feb. 7, 2025)

Illinois, SB1797, Digital Assets and Consumer Protection Act (Introduced Feb. 5, 2025)

South Dakota, HB1202, An Act to Permit the State to Invest in Bitcoin (Introduced Feb. 3, 2025)

Recent Client Alerts

The State of Meme Coin Regulation: SEC Staff’s Statement and Other Considerations

SEC Announces New “Cyber and Emerging Technologies Unit” and Signals Return to First Trump Administration Fraud- and Retail-Focused Enforcement Priorities

CFTC Update: The First 30 Days

February 27, 2025

Key Contacts

Tiffany J. Smith
Partner

Co-Chair, Blockchain & Cryptocurrency Working Group
[email protected] +1 212 295 6360
+1 212 295 6360
Zachary Goldman
Partner

Co-Chair, Blockchain and Cryptocurrency Working Group
[email protected] +1 212 295 6309
+1 212 295 6309
Matthew B. Kulkin
Partner

Chair, Futures and Derivatives Practice
[email protected] +1 202 663 6075
+1 202 663 6075
Matthew Beville
Partner
[email protected] +1 202 663 6255
+1 202 663 6255
Julie L. Williams
Senior Counsel
[email protected] +1 202 663 6086
+1 202 663 6086
Megan O'Flynn
Special Counsel
[email protected] +1 212 295 6438
+1 212 295 6438
Jeffrey Wieand
Public Policy Advisor
[email protected] +1 202 247 2139
+1 202 247 2139
Eric P. Lesser
Senior Counsel
[email protected] +1 617 526 6285
+1 617 526 6285
Evan J. Goldsholle
Associate
[email protected] +1 202 663 6325
+1 202 663 6325
Theo Kim

Associate
[email protected] +1 212 295 6660
+1 212 295 6660