Archive:August 2025

1
The White House Working Group on Digital Asset Markets Report: What it Means for Stablecoins and Payments
2
The White House Working Group on Digital Asset Markets Report: What it Means for the Derivatives Industry
3
Australia: Changes Ahead for Australia’s Payments Sector: The RBA Proposes to Ban Card Surcharging

The White House Working Group on Digital Asset Markets Report: What it Means for Stablecoins and Payments

By: Jeremy M. McLaughlin and Joshua L. Durham

On 30 July 2025, the President’s Working Group on Digital Asset Markets published its long-awaited report, entitled “Strengthening American Leadership in Digital Financial Technology” (the Report). The Report introduces actionable directives to the prudential banking regulators to further stablecoin policies, both domestically and internationally, including directives on implementing the GENIUS Act.

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The White House Working Group on Digital Asset Markets Report: What it Means for the Derivatives Industry

By: Cheryl L. Isaac and Clifford C. Histed

The “Strengthening American Leadership in Digital Financial Technology” Report, published in July 2025 by the President’s Working Group on Digital Asset Markets (the PWG), includes comprehensive recommendations for immediate action by the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC). Notably, the PWG is pushing these regulators to rely on their existing rulemaking and exemptive authority–without waiting for Congress to act – to enable the trading of digital assets and “ensure that American businesses can compete internationally.”

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