#CryptoRegulation Recent Developments in Crypto Regulation

United States

- Landmark Crypto Regulation Bill: President Trump is expected to sign a sweeping legislative package on digital assets before Congress breaks for summer recess in August. The bill aims to provide regulatory clarity and security for the crypto industry.

- Stablecoin Reform: The Senate is set to vote on stablecoin regulation amid industry pressure, with Senator Kirsten Gillibrand indicating that the bill will scrap language targeting the Trumps.

- Potential Delay in Crypto Reform: If Congress fails to pass the GENIUS stablecoin bill promptly, substantial crypto regulatory reform might be postponed until 2029.

United Kingdom

- New Crypto Regulation Plan: The UK has published draft legislation to regulate crypto assets, aiming to boost investor confidence and drive growth while protecting consumers.

- Collaboration with US: The UK and US will continue discussions on supporting digital asset growth and responsible innovation through the UK-US Financial Regulatory Working Group.

Nigeria

- Investments and Securities Act 2024: Nigeria's new law recognizes digital assets as securities, providing clarity and legitimacy for crypto engagement. This move could drive fintech jobs and digital growth in the region.

Arizona

- Bitcoin Reserve Bills: Arizona's attempt to integrate digital assets into its public finance system faced a mixed outcome, with the state rejecting Bitcoin reserve bills but approving protections at crypto ATMs.