Report published September 25, 2026
Digital Assets: Rule Before Law – Agency Rulemaking and Institutional Expansion
AmplifyETFs · September 25, 2026
In August 2026, executive-branch agencies (SEC, Treasury, CFTC) advanced a de facto U.S. digital asset regulatory regime through rulemaking despite congressional inaction on the CLARITY Act. Simultaneously, Solana expanded real-world payment and brokerage distribution via Schwab, Western Union, and MoneyGram, while the XRP Ledger shipped enterprise upgrades for privacy, batch transactions, and sponsored fees.
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Finvaulta summarizes AmplifyETFs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Executive branch agencies (SEC, Treasury, CFTC) are advancing a coordinated, de facto federal crypto regulatory framework via rulemaking without waiting for the CLARITY Act.
- 2.The SEC proposed Regulation Crypto Assets, introducing a $5M startup exemption, a Regulation A-modeled fundraising exemption up to $75M, and Rule 400 safe harbor ending investment-contract status once managerial efforts cease.
- 3.Solana materially expanded its distribution rails through Charles Schwab adding SOL trading, Western Union launching a Visa card backed by its Solana-issued USDPT stablecoin across 37 markets, and MoneyGram integrating 500,000 cash locations.
Table of Contents
- 1. SEC Proposes "Regulation Crypto Assets" — The First Tailored Federal Offering Regime for Crypto
- 2. SOL: Solana's Real-World Distribution Rails Expand — Charles Schwab, Western Union Visa Card, and MoneyGram's 500,000 Cash Locations
- 3. XRP: XRPL 3.3.0 “Institutional Upgrade Package” — Privacy, Batch Transactions, and Sponsored Fees for Enterprise
- Conclusion
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| SEC Regulation Crypto Assets Proposed Rule Length | 402.0 pages | Proposed rule establishing a tailored offering and disclosure regime for crypto investment contracts. |
| Startup Exemption Maximum Offering Size | 5.0 USD million | Permits offerings with general solicitation and non-accredited investor participation under proposed Reg CA. |
| Fundraising Exemption Tier 2 Maximum Offering Size | 75.0 USD million | Two-tier fundraising exemption under proposed Reg CA modeled on Regulation A. |
| Western Union Annualized Cross-Border Consumer Payment Volume | 190.0 USD billion | Volume scale of Western Union, which launched Stablecard on Solana. |
| MoneyGram Retail Cash Locations | 500000.0 locations | Physical footprint connected to Solana applications via MoneyGram Ramps in over 170 countries. |
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