About this episode

This episode reviews the most important legal and regulatory developments in crypto for March 2026.

What were the most important legal and regulatory developments in crypto this month? In this episode, we review developments from stablecoin rulemaking and DeFi liability cases to the ongoing fight over prediction markets. Jonathan Schmalfeld is Director of Policy at The Digital Chamber, where he focuses on crypto policy, digital asset legislation, and regulatory developments in Washington. Timestamps ➡️ 1:07 — SEC guidance allowing broker-dealers to apply a 2% capital haircut to payment stablecoins ➡️ 4:37 — OCC’s GENIUS Act implementation proposal and the debate over stablecoin yield restrictions ➡️ 11:14 — The Promoting Innovation and Blockchain Development Act and developer liability protections ➡️ 17:27 — Federal court dismissal of claims against Uniswap and what it means for DeFi developers ➡️ 22:55 — How Kalshi enforced insider trading rules in its CFTC-regulated prediction markets ➡️ 27:37 — Kalshi’s preliminary injunction against Tennessee regulators and the federal preemption fight ➡️ 31:15 — Why prediction market litigation could eventually reach the U.S. Supreme Court ➡️ 36:25 — Institutional adoption: Morgan Stanley custody plans, Kraken’s Fed master account, and…

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