On January 19, 2026, the New York Stock Exchange (NYSE) announced the development of a new platform for trading tokenized securities. The new platform will, subject to necessary regulatory approvals, enable companies to issue digital tokens representing securities. It will provide 24/7 trading, instant settlement via blockchain infrastructure, and the ability to fund transactions using stablecoins. The NYSE is touting the planned platform as an …
FDIC Paves Way for Banks to Issue Stablecoins in New Rulemaking
The Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPRM) to establish the application process for FDIC-supervised banks seeking to issue payment stablecoins through subsidiaries. The rulemaking is the first action by the FDIC to implement the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), which establishes a federal regulatory system for stablecoins. Background Enacted in July 2025, the …
Leadership Change at NYDFS
News out of New York: Department of Financial Services (NYDFS) Superintendent Adrienne Harris is stepping down after four years in the role. Kaitlin Asrow, currently executive deputy superintendent of the Research & Innovation Division, will take over as acting superintendent effective October 18, 2025. According to the announcement, over the last four years, Asrow has overseen the regulation of virtual currency companies as well as …
NYDFS Extends Blockchain Analytics Guidance to State Banks Engaging in Crypto Activities
On September 17, the New York State Department of Financial Services (NYDFS) issued a notice to all New York banking organizations[1] engaging or considering engaging in cryptocurrency activities, advising such organizations to follow April 2022 guidance on utilizing blockchain analytics as a compliance tool and risk identifier and mitigant. When issued in April 2022, this guidance applied only to licensed virtual currency business entities or …
FDIC: Banks Can Engage in Crypto-Related Activities Without Prior Notice
On March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) rescinded guidance issued under the Biden administration that required supervised institutions to notify and await feedback from the FDIC prior to engaging in crypto-related activities. The FDIC’s change of course follows a similar reversal by the Office of the Comptroller of the Currency and aligns with the Trump administration’s efforts to reform federal cryptocurrency regulation. …
Crypto Shake-Up: Narrowing Risks, From Securities Scrutiny to Consumer Claims
Crypto is now in Washington’s good graces – or at least that’s how it may seem. The return of the Trump administration has injected new energy into the crypto asset space, with sweeping rhetoric about “unleashing innovation” and a flurry of early moves that suggest a dramatically more hands-off regulatory approach. The president’s appointment of pro-crypto voices to key posts at the Securities and Exchange Commission …