RIA digital-asset regulatory change ledger
Which authority changed what, for whom, on what date, and what an advisor must do next.
Federal Reserve Governor Miran addresses stablecoins and monetary policy
Governor Stephen Miran discussed how stablecoin growth could affect dollar demand, Treasury markets, banking, and monetary policy transmission.
Federal Reserve Governor Barr discusses stablecoin risks and implementation
Governor Michael Barr identified policy and implementation issues for payment stablecoins, including runs, reserves, redemption, interoperability, and effects on banking and payments.
SEC and CFTC staff state that registered exchanges are not barred from certain spot crypto trading
SEC and CFTC staff jointly stated that registered exchanges are not categorically prohibited from facilitating trading of certain spot crypto commodity products.
Executive Order directs review of 401(k) access to digital-asset and other alternative investments
The President directed Labor to revisit its approach to alternative assets in participant-directed retirement plans and expressly included certain actively managed digital-asset vehicles in the review.
SEC staff states that described liquid-staking activities are not securities transactions
Corporation Finance staff extended its category-specific analysis to certain liquid-staking arrangements and described receipt tokens, stating that the covered activities do not involve securities transactions.
CFTC Commissioner outlines AI, third-party, cyber, and digital-asset governance expectations
Across a 2025 series culminating in an August roundtable recap, Commissioner Kristin Johnson identified governance expectations for financial-sector AI and digital-asset adoption, including explainability, bias…
SEC Chairman announces Project Crypto priorities for onchain securities markets
Chairman Atkins publicly directed SEC staff toward a broad Project Crypto agenda covering asset classification, issuance exemptions, tokenized securities, custody, self-custodial software, integrated intermediaries…
President’s Working Group issues a government-wide digital-asset regulatory roadmap
The President’s Working Group delivered a coordinated roadmap recommending legislation and specific agency actions on digital-asset classification, trading, custody, banking, stablecoins, DeFi, tax, and illicit finance.
SEC staff states that described protocol staking activities are not securities transactions
Corporation Finance staff stated that the protocol staking activities and ancillary services described in the statement do not involve securities transactions.
CFTC staff seeks comment on 24/7 trading and perpetual derivatives
CFTC staff opened public-comment initiatives on round-the-clock trading and perpetual contracts in derivatives markets.
CFTC leadership narrows digital-asset enforcement priorities toward fraud and willful violations
The CFTC Acting Chair directed enforcement staff to focus digital-asset resources on fraud, manipulation, customer harm, and willful misconduct and to deprioritize certain registration-only cases lacking evidence of…
SEC staff states that described reserve-backed payment stablecoins are not securities
Corporation Finance staff stated that offers and sales of stablecoins meeting the statement’s reserve, redemption, marketing, and non-yield characteristics do not involve securities.
SEC staff states that described proof-of-work mining activities are not securities transactions
Corporation Finance staff stated that the proof-of-work mining activities described in the statement do not involve securities transactions.
President establishes a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile
The President directed the government to hold forfeited bitcoin in a Strategic Bitcoin Reserve and other forfeited digital assets in a separate stockpile, subject to agency and Treasury implementation.
Federal Reserve Vice Chair Barr discusses lessons from novel-activity supervision
Vice Chair Michael Barr discussed the Federal Reserve’s supervisory approach to novel bank activities and the balance between innovation, risk controls, and consistent treatment.
SEC corporation-finance staff states that described meme coins generally are not securities
Corporation Finance staff stated that the offer and sale of meme coins with the characteristics described in the statement generally do not involve securities.
Federal Reserve Governor Waller outlines a bank-and-nonbank stablecoin framework
Governor Christopher Waller described stablecoins as potentially useful payment instruments and called for a framework that permits both bank and nonbank issuers with appropriate safeguards.
Executive Order 14178 sets a federal digital-asset policy and creates a presidential working group
The President revoked the prior digital-assets executive order, barred agencies from taking action to establish or promote a U.S.
SEC launches a Crypto Task Force led by Commissioner Peirce
The SEC created a dedicated Crypto Task Force and assigned it to identify registration paths, disclosure frameworks, and sensible enforcement deployment.
CFPB seeks input on privacy and surveillance in digital payments
The CFPB requested public input on collection, use, sharing, protection, and monetization of consumer payment and other financial data, including payment-platform surveillance, personalized pricing, Regulation P…
How to read the ledger
Each entry names its posture: a binding action, a proposal, guidance, enforcement, or a political signal. A speech is not a rule and a bill is not a law. Every entry starts from the primary document and lists what is still open, rather than turning a headline into permission.
Coverage and corrections
The ledger follows the U.S. authorities that matter to registered investment advisers, plus state actions of national weight. A published version never changes. A correction or a changed reading creates a new version at the same address, and every earlier version stays in the JSON ledger.
Educational analysis for financial professionals. Not legal, tax, compliance, or investment advice. Verify current primary sources and consult qualified counsel before implementation.