⚖️ Regulation & Legal: Cbdc News

The Federal Reserve’s latest research contrasts wholesale CBDC settlement with tokenized deposits, underscoring a regulatory push toward interoperable digital asset infrastructures. By framing tokenized deposits as a viable alternative to traditional wholesale clearing, the Fed signals potential easing of cross‑border settlement friction, which could lower liquidity costs for institutional crypto participants. However, the study also highlights the need for robust anti‑money‑laundering controls and real‑time monitoring, implying tighter compliance requirements for tokenized products. In the United States, a Senate resolution banning CBDCs until 2030—while exempting stablecoins—creates a clear legal barrier for central‑bank digital currency pilots. The exemption suggests a regulatory preference for private stablecoins, potentially accelerating their adoption in payment systems but also raising concerns about systemic risk and regulatory arbitrage.