Shaping Crypto: Legislation, Regulation, and Oversight

In this episode we discuss evolving regulatory landscapes and their impact on the crypto-asset market, particularly focusing on institutional adoption and consumer protection. The European Securities and Markets Authority (ESMA) has issued final guidelines for assessing the knowledge and competence of staff providing information or advice on crypto-assets, aiming to strengthen investor protection and standardize practices within the EU. Concurrently, the U.S. Senate has passed the GENIUS Act, establishing a comprehensive federal framework for stablecoin regulation, which includes strict backing requirements and restrictions for "Big Tech" companies to ensure stability and consumer trust. These regulatory movements, alongside a survey indicating a surge in institutional crypto allocations driven by anticipated clarity, highlight a global trend towards integrating digital assets into traditional finance with an emphasis on compliance and risk mitigation.