From piperalderman.com.au: The US Senate’s GENIUS Act for regulating stablecoin issuance has encountered setbacks as bipartisan support wanes due to demands for stricter anti-money laundering provisions and consumer protections.

The Australian government aims to introduce comprehensive digital asset reforms, including a new licensing regime for digital asset platforms and regulation of stablecoins, following the Labor Party’s recent electoral victory.

The UK Financial Conduct Authority has released a discussion paper proposing a tailored regulatory framework for crypto-assets, focusing on trading, intermediation, and consumer protection while addressing the challenges of decentralised finance.