As of · Retrieved Tuesday, September 22, 2026 (PT)
Regulation
Regulatory themes for crypto builders
High-level maps by jurisdiction—not legal advice, not a compliance program, and not a determination of any party’s regulatory status.
Global themes 2025–2026
- Stablecoins first — GENIUS (U.S.) and EMT under MiCA (EU)
- CASP / VASP licensing for exchange, custody, brokerage, transfer
- Travel Rule operationalization — laws widespread; enforcement uneven
- Securities vs commodities / market structure still contested in the U.S. (CLARITY not enacted as of Sep 2026 reporting)
- MiCA “day 2” fitness review even as transitional period ended
Key dates
- GENIUS Act enacted 18 Jul 2025 — rules still implementing
- MiCA transitional / grandfathering end 1 Jul 2026
- UK FCA applications window reported 30 Sep 2026 – 28 Feb 2027; fuller regime commencement cited 25 Oct 2027
United States
GENIUS Act, agency approaches, CLARITY status, ETF lane, and retail CBDC policy.
Explore →EU · MiCA
EMT/ART, CASP authorization, ESMA transitional end, and fitness review.
Explore →Request a compliance-oriented briefing (with counsel disclaimer) →