The U.S. Department of the Treasury's general distribution restriction under Section 3(b)(1) of the GENIUS Act is scheduled to become operative on July 18, 2028.

Comprehensive legal regimes for digital assets, such as the EU's MiCA and proposed US market-structure bills, defining how tokens are issued, traded, and supervised.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.