Opinions

Foreign investors are gobbling up tokenized U.S. equities while domestic investors remain unable to take advantage of the opportunities such assets offer. U.S. policymakers need to level the playing field.

Proposed rules for implementing the GENIUS Act demand close examination. While regulators' intentions are admirable, some of their suggestions threaten to create the very problems they are meant to resolve.

Congress needs to tread carefully as it creates new rules for stablecoins. Some of the proposals currently on the table could lead to a disruptive restructuring of financial services in the U.S.

As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.

Regulators have signaled that the speed of progress in generative and agentic artificial intelligence makes producing definitive guidance impractical. That does not remove banks' obligation to face up to their risks.

Tokenization of assets is going to transform global finance, but by dragging their heels on establishing clear rules of the road, U.S. regulators could be pushing the development of key infrastructure overseas.

The original cryptocurrency lies at the bleeding edge of the risk curve, and its cross currents say something about how feisty the market is feeling.

Regulators must move toward a more workable model that regulates the intermediaries that custody and control assets, not the underlying software. This would actually be the smarter choice, as blockchains provide transparency and thus better compliance than in traditional banking.

There is a difference between combating discrimination and forcing bankers to ignore problems.