#CryptoIntegration Current State of Crypto Integration

1. Regulatory Environment — USA

• GENIUS Act (July 2025): a law has been passed requiring 1:1 backing of stablecoins with fiat or other low-risk assets, establishing regulatory standards and overseeing the issuance of stablecoins at the federal and state levels

• Banking Integration: regulators (OCC, FDIC, Federal Reserve, and Securities and Exchange Commission – SEC) have changed their approach — now aiming to integrate digital assets rather than isolate them through controlled mechanisms

• “Crypto Sprint” from CFTC (August 2025): The CFTC held a public discussion on how to allow trading of spot crypto assets on regulated markets (DCM)

• SEC cancels SAB 121 and implements SAB 122: more banks will be able to provide custody services without placing crypto assets on their balance sheets

• Market Structure Legislation: the CLARITY Act has been passed in the House and the RFIA is being considered in the Senate; state regulatory organizations are actively intervening to preserve the possibility of state investigations into fraud