Legal experts from the U.S. and Brazil discuss crypto regulation at Meridian 2025, covering the Genius Act for stablecoins, the Clarity Act, Brazil's Central Bank oversight framework, and how clear regulation can foster innovation while protecting investors.
At Meridian 2025 in Rio, legal experts Jim Harrigan and Tatiana discussed regulatory developments shaping crypto in the U.S. and Brazil. The U.S. Genius Act provides federal stablecoin rules requiring full backing and audits, though yield-bearing assets remain uncertain. The Clarity Act delegates authority to the SEC and CFTC to classify assets and establish registration regimes. Brazil's 2022 crypto law designates the Central Bank as regulator for non-security virtual assets, with new rules expected by October-November 2025 and a transitional regime for existing operators. Both jurisdictions emphasize clear, smart regulation to foster innovation while protecting investors, with ongoing congressional discussions in Brazil about whether the Central Bank should oversee stablecoins regardless of yield. The speakers highlighted that this is the best opportunity for industry engagement in shaping regulatory frameworks.