The Blockchain Association urged the U.S. Department of the Treasury to clarify that criminal liability for knowing participation in unlawful stablecoin issuance requires actual knowledge and affirmative, substantial assistance.

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

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

Rules that force crypto businesses to identify customers and report suspicious transactions, from KYC mandates and the Travel Rule to mixer enforcement.