Exploring the Latest in Cryptocurrency: Breakdown of the GENIUS Act, CLARITY Act, and the Future Perspectives of the Crypto Market
Webinar Offers Insights on Stablecoin Regulation and Crypto Legislation
A recent webinar, led by WilmerHale Partner Jeremy Moorehouse, provided valuable insights into the regulatory landscape of the cryptocurrency industry. The webinar, which was part of a series presented by WilmerHale's Blockchain and Cryptocurrency Working Group, focused on key pieces of crypto legislation, including the GENIUS Act and the CLARITY Act.
The GENIUS Act, a new crypto legislation that was signed into law on July 18, 2025, establishes a clear legal framework for payment stablecoins. Its aim is to provide regulatory certainty and promote innovation in stablecoin markets, signalling bipartisan support and marking a significant step towards formalizing stablecoin regulation in the U.S.
The CLARITY Act, currently pending before the Senate, proposes granting the Commodity Futures Trading Commission (CFTC) clear authority over spot markets in non-security digital assets. This aims to resolve jurisdictional ambiguities and create a more coherent regulatory environment for digital asset trading and compliance.
The webinar highlighted the importance for market participants to understand these new regulatory frameworks promptly to capitalize on emerging opportunities, particularly in payments and trading, and to ensure compliance as the rules solidify.
Discussions also touched on the broader implications for the crypto industry, emphasizing enhanced legal clarity to foster innovation, market integrity, and security for users. This includes anticipating continued regulatory evolution and adapting business models to meet compliance demands.
Best practices recommended included ongoing monitoring of regulatory developments, active engagement with regulators, integrating compliance frameworks early in product development, and leveraging legal expertise to navigate complex jurisdictional issues.
The panelists for the webinar included Zachary Goldman, co-chair of the firm's Blockchain and Cryptocurrency Working Group, Matthew B. Kulkin, chair of the firm's Futures and Derivatives practice, Megan O'Flynn, and Jeffrey Wieand, Public Policy Advisor.
All attendees, regardless of jurisdiction, will receive a uniform certificate of attendance that shows the states in which the program was approved. The webinar also offered CLE credit and was accredited by the New York State and California State Continuing Legal Education Boards as a provider of continuing legal education. It was also approved as a Colorado Certified Provider.
Attendees of this program may be able to claim England & Wales CPD. The program is being planned to offer CLE credit in California and non-transitional credit in New York for attendees who join the live presentation. WilmerHale can issue Connecticut credit.
Participants will have the opportunity to contribute questions online during the webinar. The webinar series features a cross-disciplinary group of lawyers to help companies stay agile and achieve their goals while mitigating risk in the blockchain and crypto field.
The webinar also discussed the SEC and CFTC market structure regulatory framework for digital commodities set forth in the CLARITY Act. New Jersey grants reciprocal credit for programs that are approved in New York. The webinar will provide policy insights, best practices, and practical implications of these key pieces of crypto legislation.
- Investors must understand the regulatory frameworks established by the GENIUS Act and the CLARARY Act for efficient investing in stablecoins and the broader crypto market, as these pieces of legislation offer legal clarity that can foster innovation, market integrity, and security for users.
- The implementing of technology in the crypto industry will be essential for meeting compliance demands, as regulatory bodies such as the CFTC may gain clear authority over spot markets in non-security digital assets with the passage of the CLARITY Act, necessitating ongoing monitoring of regulatory developments and the alignment of compliance frameworks early in product development.
