DORA
DORA: digital operational resilience for digital asset operations
The Digital Operational Resilience Act has applied to European Union financial entities, including authorized crypto-asset service providers, since January 17, 2025. It converts resilience from a policy statement into a set of records a supervisor can request at short notice.
MiCA
MiCA: authorization and the operating obligations behind the license
The Markets in Crypto-Assets Regulation created a single European Union authorization regime for crypto-asset service providers and issuers. Authorization is an operating commitment rather than a one-time filing, and DORA supplies the resilience rules MiCA presumes.
GENIUS Act
The GENIUS Act: the control framework permitted stablecoin issuers must operate
Federal stablecoin legislation created a licensing regime for payment stablecoin issuers, with reserve, redemption, control and third-party oversight requirements. Implementing rules proposed in 2026 set out the control framework supervisors will examine.
US bank supervision
US bank supervision: OCC, FDIC, Federal Reserve, FFIEC and NYDFS
United States banking agencies permit a range of digital asset activity, including node operation and custody, provided it is conducted in a safe and sound manner. The examination question is operational: where does the activity run, who administers it, and what is the record.