Legislation

On May 29, 2025, bipartisan members of the U.S. House of Representatives introduced the Digital Asset Market Clarity Act, aiming to define regulatory roles between the CFTC and SEC while enhancing transparency in crypto transactions.

The Senate has passed a key hurdle for the GENIUS Act on stablecoin legislation, highlighting the importance of blockchain regulation even amidst ethical concerns over high-profile crypto deals and a leadership gap in the CFTC. The DOJ pursues charges against Tornado Cash developers, while Coinbase eyes acquisition opportunities. Texas too moves closer to a Strategic Bitcoin Reserve legislation, joining other states in the crypto wave.

The U.S. Senate has voted to advance stablecoin regulation, reflecting a growing influence in the cryptocurrency sector. Despite some opposition from Senate Democrats citing ethical concerns, the bill is poised for final passage, with implications for major players in the industry.

Arizona has become the second U.S. state to establish a cryptocurrency reserve fund, aiming to protect residents' assets from losing value. With the new Bitcoin and Digital Assets Reserve Fund, unclaimed property laws will be modernized to include virtual currency, ensuring that residents benefit from any appreciation in crypto values.

On May 7, 2025, Arizona Governor Katie Hobbs signed a significant law establishing a Bitcoin and Digital Assets Reserve Fund, making Arizona the second U.S. state to do so. This legislation aims to modernize state financial practices and protect residents' virtual assets.

Arizona and New Hampshire have enacted new laws allowing state investments in cryptocurrencies. Arizona's law permits maintaining a reserve of unclaimed crypto, while New Hampshire allows a 5% investment in digital assets. These moves reflect a growing acceptance of cryptocurrencies in government.