Crypto Regulatory

On March 23, 2026, Delaware senators introduced Senate Bill 19, the Delaware Payment Stablecoins Act (SB 19), before the 153rd Delaware General Assembly. The bill is at the pre-enactment, introduction stage and has not yet been voted on. SB 19 is a companion bill to Senate Bill 16, introduced on the same date, which proposes amendments to Delaware banking law to accommodate stablecoin issuers. The controlling provisions are at title 5, chapter 40 of the proposed Delaware Code

On April 3, 2026, the U.S. Department of the Treasury published a Notice of Proposed Rulemaking (NPRM) in the Federal Register establishing broad-based principles for determining when a state-level regulatory regime for payment stablecoins is "substantially similar" to the federal regulatory framework under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The rulemaking is at the proposed stage and is open for public comment. It was publ

On 3 February 2026, the Central Bank of Cyprus (CBC) published an announcement responding to the European Banking Authority's No Action letter of 10 June 2025 on the interplay between Directive 2015/2366/EU (PSD2) and Regulation (EU) 2023/1114 (MiCA). The CBC announcement addresses the obligations of crypto-asset service providers (CASPs) that transact electronic money tokens (EMTs) and clarifies the supervisory approach applicable in Cyprus following the expiry of the transi

On 4 February 2026, Parliament made The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (the "Cryptoassets Regulations 2026"). The instrument is final and enacted. The Cryptoassets Regulations 2026 bring cryptoassets within the regulatory remit of the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000 (FSMA 2000). The new cryptoasset regime is expected to come into force on 25 October 2027. An application window for fir

ESMA's Interim MiCA Register — published weekly and last updated on 23 March 2026 — is the authoritative EU-wide public record of authorised crypto-asset service providers, e-money token issuers, asset-referenced token issuers, published crypto-asset white papers, and entities flagged as non-compliant. We analysed all five CSV files directly to produce this complete cross-register breakdown. The register currently shows zero authorised ART issuers (the ART file contains only

On March 17, 2026, Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, a federally regulated prediction markets exchange, alleging the operation of an illegal gambling enterprise under Arizona state law. The charges relate to Kalshi's election-outcome contracts, which allowed users to wager on the results of U.S. elections. The Arizona Attorney General's Office issued a press release identifying the charges under Arizona's gambling statutes. Kalshi is r

The Central Bank of Ireland published its Regulatory and Supervisory Outlook 2026 on 26 February 2026. The report sets out the Central Bank's assessment of risks facing the financial sector and its supervisory priorities for the next two years. The publication follows a letter from Governor Gabriel Makhlouf to the Tánaiste on the economic outlook and regulatory priorities issued in January 2026. This is the third edition of the report. The Outlook identifies five supervisory

Council Directive (EU) 2023/2226 of 17 October 2023, known as DAC8, amends Directive 2011/16/EU on administrative cooperation in the field of taxation to introduce mandatory automatic exchange of information on crypto-asset transactions. The directive was published in the Official Journal of the European Union on 24 October 2023 (OJ L 2023/2226) and is in force. Member States, including Malta, were required to transpose DAC8 into national law by 31 December 2025, with the rep

On 3 February 2026, the Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking (Federal Register Document No. 2026-04089) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule addresses the issuance of payment stablecoins and related activities by national banks, federal savings associations, and other entities subject to the OCC's supervision. The rulemaking is at the proposal st

On 5 March 2026, the Central Bank of Ireland (CBI) published Discussion Paper 12 (DP12), titled "Distributed Ledger Technology (DLT) & Tokenisation in Financial Services." The paper is active and open for public consultation until 5 June 2026. It is a non-binding discussion instrument that initiates structured dialogue with domestic and international stakeholders on how DLT and tokenisation are reshaping financial services and what regulatory responses may be appropriate. DP1

On March 17, 2026, the Commodity Futures Trading Commission's Market Participants Division (MPD) issued a no-action position in response to a request from Phantom Technologies Inc., a developer of self-custodial crypto asset wallet software. The position is effective upon issuance. It constitutes a staff-level no-action letter binding only the MPD with respect to the specific facts and persons addressed. Third parties may not rely on it. The no-action position addresses Phant

On March 17, 2026, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued an interpretive release clarifying how federal securities laws and the Commodity Exchange Act (CEA) apply to crypto assets and transactions involving crypto assets. The release is final and effective as of publication. It will be published in the Federal Register. This joint action marks the first time the two agencies have produced a shared

On 11 February 2026, the Securities and Futures Commission of Hong Kong (SFC) published two circulars under the Intermediaries Division: Circular SFO/IS/005/2026, governing virtual asset (VA) financing and shared order book access for licensed VA brokers, and Circular SFO/IS/006/2026, setting conditions for virtual asset trading platform operators (VATP operators) to accept affiliated market makers (AFMMs). Both circulars are operative immediately and form part of the SFC's A

The rules governing crypto and AI products have never moved faster. One thing is clear heading into 2026: the rules are arriving . Not next year. Not "eventually." Now. This article pulls together the key themes across major jurisdictions and translates them into practical guidance for founders, CTOs, and legal teams building crypto and AI products today. The Big Picture: From Headwinds to Horizons After years of regulatory uncertainty — enforcement actions, collapsed exchang

On 4 February 2026, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) published Version 7 of its FAQ Crypto-Assets — Undertakings for Collective Investment, updating its supervisory position on crypto-asset exposure by investment funds to align with the entry into force of Regulation (EU) 2023/1114 (MiCAR). This is a final supervisory position, effective immediately upon publication. The updated FAQ follows the European Securities and Markets Authority's (

On March 5, 2026, the Department of the Treasury and the IRS issued proposed regulations under IR-2026-29 to create an alternative process for digital asset brokers to furnish Form 1099-DA, Digital Asset Proceeds From Broker Transactions, electronically without requiring customer consent or offering paper as a default. The proposed regulations are at the proposed-rule stage. Treasury and the IRS simultaneously issued Notice 2026-4 requesting public comment on related electron

The Office of the Comptroller of the Currency (OCC) published a Notice of Proposed Rulemaking (NPRM) on March 2, 2026, proposing implementing regulations under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), Public Law No. 119-27, enacted July 18, 2025. The NPRM is at the proposed stage and the comment period closes May 1, 2026. This is the first federal prudential rulemaking issued by any federal regulator under the GENIUS Act. The pro