Article in Preparation
This article will explain the US initiatives CLARITY, GENIUS and Project Crypto: how a stablecoin gold standard with 1:1 backing emerges, how SEC and CFTC divide responsibilities and how new FASB fair‑value rules affect the accounting for digital assets – in particular for EU companies with US links.
Planned Contents
- GENIUS stablecoin framework: requirements for 1:1 backing, reserve structure and disclosure.
- CLARITY & Project Crypto: paths for custody, tokenisation and selected safe harbours.
- Division of responsibilities between SEC and CFTC and the impact on market infrastructure and service providers.
- FASB fair‑value accounting from 2025 and comparison with IFRS/European GAAP approaches.
- Extraterritorial reach: what EU corporates with US investors, subsidiaries or listings should be aware of.
Planned Outputs
- Briefing sheet “What changes for EU firms with US exposure?” – compact format for management briefings.
- Comparison table EU vs US: licensing requirements, disclosure, accounting, AML/travel‑rule obligations.
- Guidance on how to align with existing treasury, compliance and accounting policies.
Note
This content does not constitute legal advice. It helps finance, compliance and IT teams ask the right questions about US regulation and accounting and to have more focused conversations with legal counsel, industry bodies and regulators.