It’s been a *big* week for crypto regulation…

The SEC provided additional guidance on how its proposed changes to the definition of an “Exchange” will apply to crypto and DeFi;

The House Committee on Financial Services published draft legislation for payment stablecoin issuers, building on legislative proposals which have circulated over the past year; and

The EU’s Markets in Crypto-Assets (MiCA) regulation reaches the final stage of the legislative journey and will be approved by the Parliament this coming week.

This blog provides a summary of each of these initiatives and concludes with Braithwate’s perspective on what this means for the future of digital assets and crypto businesses.