Allison Raley, AGG Emerging Technologies co-chair, authored an article for Law360 on the Consumer Financial Protection Bureau’s (“CFPB”) proposed rule aimed at extending existing consumer protection laws to cover digital currencies, stablecoins, and other emerging payment systems.
In the article, Allison addresses key points of CFPB’s proposed rule, the agency’s broader agenda, and its implications for the industry. As digital asset companies prepare for the changes, Allison advises that companies “take proactive measures to ensure readiness for potential regulatory shifts. Some of these measures include “conducting internal compliance reviews by evaluating current practices and identifying areas needing enhancement to align with the proposed rules” and “strengthening consumer protections by developing or refining error resolution and dispute management systems.”
“As the regulatory landscape evolves, industry participants must stay informed and adaptable to remain compliant while continuing to innovate,” said Allison. “By taking early action, companies can not only meet new regulatory expectations but also build consumer trust and ensure sustainable growth in the digital payments sector.”
To read the full article, please click here.
- Allison E. Raley
Partner