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EXPERT ANALYSIS
How Treasury's Stablecoin Test Will Shape State Oversight
The Treasury Department's recently proposed principles for judging whether state stablecoin regimes are "substantially similar" to the federal framework signal that issuers should expect stricter benchmarking against the bank agencies' standards, limited state flexibility and heightened pressure to reassess compliance as rules take shape, say attorneys at Baker McKenzie.
Proposed Rule attached |
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LEGAL INDUSTRY
6th Circ. Says Kentucky Judicial Hopefuls May Tout Ideology
By Emily Sawicki
Kentucky judicial hopefuls are cleared to discuss their political leanings on the campaign trail, according to a precedential ruling by the Sixth Circuit, which permanently enjoined the state's Judicial Conduct Commission from pursuing an enforcement action against two candidates who described themselves as "conservatives" and "Republicans" amid the 2022 election season.
Opinion attached |
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