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Congress designed a dual regulatory structure that splits oversight between federal and state authorities based on issuer size and type, giving regulators new supervisory tools but also creating potential jurisdictional complexity, according to a Congressional Research Service (CRS) report, published Aug. 20.

The Florida legislature has passed a regulatory framework for payment stablecoins, making it the first U.S. state to do so. Senate Bill 314 cleared both chambers and now heads to Governor Ron DeSantis for his signature. Samuel Armes, founder of the Florida Blockchain Business Association, saidhe expects DeSantis to sign the bill within 30 days.…