by Brunello Rosa and Nato Balavadze

In this paper we discuss:

  • The Genius Act: a turning point for US stablecoin regulation;
  • The CLARITY Act, which redefines the US digital-asset oversight; 
  • The Anti-CBDC Act, which blocks the development of offical retail digital Dollar;
  • How US bank regulators (Fed, FDIC, OCC) have sharpened their oversight of crypto-asset safekeeping;
  • The ongoing regulatory power shift from the Fed to the Treasury;
  • The US Digital Assets report which charts the course for Dollar dominance and crypto innovation; and
  • Commercial banks’ Digital-Assets strategy resulting from these changes. 

Download PDF: US Crypto Week August 2025

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