The Blockchain Association recommended that digital asset service providers be allowed to rely on publicly available regulatory lists from the Treasury and OCC rather than conducting open-ended due diligence on foreign stablecoin issuers.

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.