News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Banking lobby's renewed push to tighten stablecoin yield language in the CLARITY Act creates material stablecoin accounting and compliance exposure for accounting firms and CFOs ahead of a potential Senate vote before August recess.
US-UK joint stablecoin and tokenization recommendations create cross-border accounting and compliance obligations for firms and CFOs
Banking industry pushback on CLARITY Act stablecoin yield language creates regulatory uncertainty for CFOs and accounting firms managing stablecoin positions
The GENIUS Act is law but the US crypto market structure bill has missed its self-imposed July 4 deadline, leaving stablecoin accounting frameworks and digital asset reporting obligations without a complete regulatory foundation.
The CLARITY Act faces a narrow July window in the Senate, with unresolved DeFi provisions, ethics concerns, and a presidential veto threat creating real planning uncertainty for firms with US crypto exposure.
Galaxy Digital's downgrade of CLARITY Act passage odds to 50% signals real legislative risk for US digital asset market structure, with Senate floor time the critical bottleneck
HM Treasury's updated National Payments Vision mandates tokenization and digital money interoperability in UK retail payment infrastructure, with direct compliance implications for stablecoin issuers, custodians, and payment firms.
The SEC's 60-day public comment period on novel ETF structures signals potential registration and compliance rule changes that accounting firms and fund auditors must monitor closely.
The BIS has flagged stablecoins as a systemic risk to global financial stability, with implications for how accounting firms and CFOs assess stablecoin exposure and compliance obligations.
