Finance Law and Banking Law

The U.S. Department of the Treasury has published a Notice of Proposed Rulemaking to implement Section 3 of the GENIUS Act, establishing a comprehensive regulatory framework for payment stablecoins in the United States. The proposed rule introduces core prohibitions on unauthorized stablecoin issuance and creates obligations for digital asset service providers, with significant penalties for violations including fines up to $1 million per violation or imprisonment up to five years. Treasury is seeking publi

Why would Colorado opt out of DIDMCA Section 521 if it doesn't prevent rate exportation by out-of-state banks? This analysis examines Congress's original 1980 intent behind DIDMCA Sections 521 and 525, revealing how the legislation addressed intrastate lending challenges during a period of extreme interest rates rather than interstate rate exportation concerns.

Consistent with the CFTC’s stated objective of applying the “minimum effective dose” of regulation, the Proposed Rule is intended to reduce duplicative oversight while preserving appropriate protections for sophisticated investors. If adopted, it would provide qualifying SEC-registered investment advisers with relief from CPO and CTA registration with respect to qualifying pools, potentially lowering barriers to participation in the commodity interest markets.