Update
New York and Wyoming Collaborate on Crypto Regulation
New York and Wyoming have announced a collaborative effort to regulate the crypto industry, coinciding with the U.S. Office of the Comptroller of the Currency (USOCC) indicating that final rules for the GENIUS Act will be released by the end of the month. The GENIUS Act allows certain stablecoin issuers to operate under state regulations deemed equivalent to federal standards while maintaining federal oversight for larger issuers.