Players/Report #82

GENIUS Act + FinCEN/OFAC Implementing NPRM

The Privatized CBDC Regulatory Perimeter

Signed By Donald Trump on July 18 2025. First federal regulatory framework for payment stablecoins.

Also in Report #82

ISO 20022 + SWIFT CBPR+ Hard Cutover (Nov 22 2025)The Messaging-Layer Substrate Handoff Project Meridian + Synchronisation Operator (BIS + BoE)The Ledger-Agnostic Atomic Settlement Architecture DTCC Project Ion + R3 CordaThe Apex Entity Absorbing DLT Domestically Ripple Labs / XRPL / On-Demand LiquidityThe Permissioned-Consensus Bridge Architecture RLUSD + Ripple National Trust BankStructural Absorption Into Federal Banking Perimet SEC v. Ripple Labs — Judge Torres + Bifurcated HoweyThe Bureaucratic-Friction Litigation, Not Choreogr Atkins SEC + Project Crypto + March 17 2026 Interpretive ReleaseThe Doctrinal Pivot — Enforcement to Policy-Drafti Ripple CBDC Platform — Palau / Bhutan / MontenegroSovereign-Substrate Integration Footprint

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