DigitalAsset

On October 23, 2023, a new licensing regime for Crypto Asset Secondary Service Providers was proposed, aiming to regulate digital asset services more effectively.

Senator Cynthia Lummis is leading bipartisan efforts to pass digital asset market structure legislation by the end of 2025, with committees preparing to advance the bill soon. Additional blockchain developments like the launch of Frontier Stable Token in Wyoming and regulatory initiatives such as Project Crypto indicate growing momentum in U.S. crypto regulation.

The US government has created a Digital Asset Stockpile to manage non-Bitcoin cryptocurrencies forfeited to the Treasury, with federal agencies tasked to account for digital assets and propose stewardship strategies. So far, no actions have been reported.