Digital assets

The United States and United Kingdom are working to align regulatory frameworks for tokenized finance. This initiative aims to integrate blockchain-based products into mainstream capital markets by reducing cross-border friction.

President Trump issued an executive order requiring the Federal Reserve to conduct a 120-day review of crypto access to its payment rails, forcing transparency into previously discretionary processes. This mandate restricts the Fed's ability to deny applications without explanation, placing the institution and its chair on a public record.

South Carolina has passed a landmark piece of legislation, Senate Bill 163, which effectively bans the state's use of Central Bank Digital Currencies (CBDCs). The bill provides significant legal protections for private digital asset users, ensuring rights to self-custody and shielding crypto miners from undue regulation.