Law & Policy

Last week in crypto regulation (May 5 – 11):

1/ OCC Green-lights Bank Crypto Ops
Federal Interpretive Letter 1184 lets national banks & FSAs custody, lend and settle crypto.

Last week in crypto regulation (May 5 – 11):

1/ OCC Green-lights Bank Crypto Ops
Federal Interpretive Letter 1184 lets national banks & FSAs custody, lend and settle crypto.
https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2025/int1184.pdf

2/ GENIUS Stablecoin Bill Blocked
Senate vote stops the USD-pegged-token framework—for now.

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2/ GENIUS Stablecoin Bill Blocked
Senate vote stops the USD-pegged-token framework—for now.
https://decrypt.co/318575/genius-act-stablecoin-bill-fails-key-senate-vote

3/ TBAA Market-Structure Bill Unveiled
House draft sets licensing, disclosure and segregation rules for crypto intermediaries.

4/ SEC–Ripple Settlement Filed
Commission asks court to approve deal over XRP sales.

4/ SEC–Ripple Settlement Filed
Commission asks court to approve deal over XRP sales.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26306

5/ DOJ Seeks 20 Years for Mashinsky
Prosecutors call Celsius fraud “one of crypto’s biggest.”

5/ DOJ Seeks 20 Years for Mashinsky
Prosecutors call Celsius fraud “one of crypto’s biggest.”
https://www.coindesk.com/policy/2025/04/29/doj-seeks-20-year-sentence-for-celsius-founder-alex-mashinsky

6/ SEC Drops PayPal PYUSD Probe
No enforcement after review of the dollar-backed token.

6/ SEC Drops PayPal PYUSD Probe
No enforcement after review of the dollar-backed token.
https://cointelegraph.com/news/sec-drops-investigation-into-paypal-s-stablecoin

7/ Nomad Hacker Arrested in Israel
Alleged exploiter of $190 M bridge breach captured.

7/ Nomad Hacker Arrested in Israel
Alleged exploiter of $190 M bridge breach captured.
https://www.dlnews.com/articles/defi/hacker-behind-190m-nomad-bridge-exploit-arrested-in-israel/

8/ Coinbase vs IRS Heads to SCOTUS
Exchange backs taxpayer fighting bulk data sweep.

8/ Coinbase vs IRS Heads to SCOTUS
Exchange backs taxpayer fighting bulk data sweep.
https://cointelegraph.com/news/coinbase-amicus-irs-user-data-privacy

9/ Nasdaq Files for Dogecoin ETF
Rule 19b-4 submitted on behalf of 21Shares.

9/ Nasdaq Files for Dogecoin ETF
Rule 19b-4 submitted on behalf of 21Shares.
https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2025-034.pdf

10/ Arizona BTC-Reserve Bill Vetoed
Governor blocks state treasury bitcoin allocation.

10/ Arizona BTC-Reserve Bill Vetoed
Governor blocks state treasury bitcoin allocation.
https://mcusercontent.com/44a5186aac69c13c570fca36a/files/5924dff6-74d9-0bcb-8204-3b075d22aea8/SB1025_Veto_Letter.pdf

3/ TBAA Market-Structure Bill Unveiled
House draft sets licensing, disclosure and segregation rules for crypto intermediaries.
https://agriculture.house.gov/uploadedfiles/tbaa_xml.pdf