Regulators on both sides of the Atlantic are preparing for a new stage in digital assets regulation. Speakers at OMFIF’s Digital money summit in May 2026 compared their approaches.

In the US, while the Genius Act is now a well-established framework for stablecoins, its successor Clarity, which primarily aims to formalise rules on crypto-asset market structures, is still embroiled in debates.

L-R: Austin Elwood, Wolfram Seidemann, Ulrich Strohmeier, John Jackson, Katie-Ann Wilson

The substance of one of the key debates is the question of stablecoin remuneration. Under the Genius Act, stablecoins are prohibited from paying interest to ensure that they do not compete too strongly with bank deposits.

Some stablecoin issuers and…