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Market Existential | Charltons · Nov 5, 2025 · 1 hr 37 min

The Great U.S. Crypto Reset

Moderated by Julia Charlton, co-chair of Legalink’s Fintech Group, the webinar discussed 2025 U.S. digital asset regulation shifts with speakers Jordan Yeagley (Buchanan, Ingersoll & Rooney) and Joe Basrawi (Carter Ledyard). Yeagley outlined the U.S. Department of Justice’s move from “regulation by prosecution” to rules-based guidance, targeting fraud and embezzlement in crypto while deprioritizing regulatory violations unless willful. The DOJ closed misaligned investigations and disbanded its cryptocurrency enforcement team. A Strategic Bitcoin Reserve was established by executive order, with states like New Hampshire following, though not yet statutory. The Clarity Act proposes classifying “digital commodities” separate from securities, shifting oversight from the SEC to the CFTC. Basrawi detailed the Genius Act (Senate) and Stable Act (House), offering a federal license for stablecoin issuers to bypass state patchwork. Smaller issuers (less than $10B) under the Genius Act can choose federal or state-certified rules; larger ones must follow federal regulations. Both require 1:1 U.S. dollar or Treasury reserves, allow non-bank issuers, and may create “synthetic banks.” The Stable Act bans stablecoin interest and enforces stricter state rules, while the Genius Act is more flexible, requiring legislative alignment. Stablecoins are excluded from securities classification under the Genius Act. The U.S. aims to lead global crypto policy, impacting markets trading with it. Interoperability and federal preemption remain unresolved, but stablecoins may soon transform institutional trade, with consumer adoption slower. #CryptoRegulation #StablecoinLegislation #USFintech Timecodes: 0:00 - Introduction & Webinar Overview 3:39 - DOJ’s New Crypto Enforcement Approach 15:16 - DOJ Policy in Action: Case Studies 18:26 - Strategic Bitcoin Reserves: National & State 21:32 - Clarity Act: Redefining Digital Assets 30:34 - US Crypto Reset: Genius & Stable Acts 39:46 - Stablecoins: Market Impact & Policy Goals 46:50 - Genius Act Deep Dive: Licensing & Reserves 57:21 - Compliance Challenges for Stablecoin Issuers 1:00:03 - Genius vs. Stable Act: State vs. Federal 1:08:47 - Q&A: Legislative Timelines & Politics 1:17:12 - Q&A: Stablecoins in Commerce & Banking 1:21:14 - Q&A: Global Impact & Regulatory Harmony 1:30:21 - Q&A: SEC vs. CFTC & Interoperability 1:35:51 - Conclusion & Future Outlook Charltons Law Firm: https://www.charltonslaw.com/ Julia Charlton: https://www.charltonslaw.com/the-firm/people-culture/team-profile/julia-charlton/ Don’t forget to follow our social media: LinkedIn: https://linkedin.com/company/2995759/ Facebook: https://facebook.com/charltons Instagram: https://instagram.com/charltonslaw/ Youtube: https://www.youtube.com/@charltons-law Rumble: https://rumble.com/c/c-1647355

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show notes

Moderated by Julia Charlton, co-chair of Legalink’s Fintech Group, the webinar discussed 2025 U.S. digital asset regulation shifts with speakers Jordan Yeagley (Buchanan, Ingersoll & Rooney) and Joe Basrawi (Carter Ledyard).

Yeagley outlined the U.S. Department of Justice’s move from “regulation by prosecution” to rules-based guidance, targeting fraud and embezzlement in crypto while deprioritizing regulatory violations unless willful. The DOJ closed misaligned investigations and disbanded its cryptocurrency enforcement team. A Strategic Bitcoin Reserve was established by executive order, with states like New Hampshire following, though not yet statutory. The Clarity Act proposes classifying “digital commodities” separate from securities, shifting oversight from the SEC to the CFTC.

Basrawi detailed the Genius Act (Senate) and Stable Act (House), offering a federal license for stablecoin issuers to bypass state patchwork. Smaller issuers (less than $10B) under the Genius Act can choose federal or state-certified rules; larger ones must follow federal regulations. Both require 1:1 U.S. dollar or Treasury reserves, allow non-bank issuers, and may create “synthetic banks.” The Stable Act bans stablecoin interest and enforces stricter state rules, while the Genius Act is more flexible, requiring legislative alignment. Stablecoins are excluded from securities classification under the Genius Act.

The U.S. aims to lead global crypto policy, impacting markets trading with it. Interoperability and federal preemption remain unresolved, but stablecoins may soon transform institutional trade, with consumer adoption slower.

#CryptoRegulation #StablecoinLegislation #USFintech

Timecodes:

0:00 - Introduction & Webinar Overview

3:39 - DOJ’s New Crypto Enforcement Approach

15:16 - DOJ Policy in Action: Case Studies

18:26 - Strategic Bitcoin Reserves: National & State

21:32 - Clarity Act: Redefining Digital Assets

30:34 - US Crypto Reset: Genius & Stable Acts

39:46 - Stablecoins: Market Impact & Policy Goals

46:50 - Genius Act Deep Dive: Licensing & Reserves

57:21 - Compliance Challenges for Stablecoin Issuers

1:00:03 - Genius vs. Stable Act: State vs. Federal

1:08:47 - Q&A: Legislative Timelines & Politics

1:17:12 - Q&A: Stablecoins in Commerce & Banking

1:21:14 - Q&A: Global Impact & Regulatory Harmony

1:30:21 - Q&A: SEC vs. CFTC & Interoperability

1:35:51 - Conclusion & Future Outlook

Charltons Law Firm: https://www.charltonslaw.com/

Julia Charlton: https://www.charltonslaw.com/the-firm/people-culture/team-profile/julia-charlton/

Don’t forget to follow our social media:

LinkedIn: https://linkedin.com/company/2995759/

Facebook: https://facebook.com/charltons

Instagram: https://instagram.com/charltonslaw/

Youtube: https://www.youtube.com/@charltons-law

Rumble: https://rumble.com/c/c-1647355

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