TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

CFTC

A16z and the Crypto Policy Hub: Venture Capital's Capture of Digital Asset Regulation

Andreessen Horowitz's crypto fund and Washington DC policy hub have placed executives at the White House, CFTC, and OPM under the Trump administration — raising unprecedented questions about venture capital's influence on the regulation of its own portfolio companies.

Donovan Vanderbilt · February 24, 2026 · 9 min read

Brian Quintenz: From CFTC Commissioner to A16z Advisor to CFTC Chair

Brian Quintenz's career — CFTC commissioner, a16z policy advisor, nominated CFTC Chair — encapsulates the revolving door dynamics of US crypto regulation and represents the most crypto-friendly CFTC leadership in the agency's history.

Donovan Vanderbilt · February 24, 2026 · 8 min read

CFTC (Commodity Futures Trading Commission)

The CFTC's crypto jurisdiction over Bitcoin and Ether as commodities, the FTX enforcement action, and its expanding role under the CLARITY Act.

Donovan Vanderbilt · February 24, 2026

CFTC and Digital Commodities: How the Futures Regulator Became a Crypto Arbiter

The Commodity Futures Trading Commission has expanded its digital asset jurisdiction through enforcement, legislation, and rulemaking — becoming a central player in US crypto regulation alongside the SEC.

Donovan Vanderbilt · February 24, 2026 · 8 min read

Crypto Enforcement Action Tracker

Tracking major regulatory enforcement actions against digital asset firms — SEC, CFTC, OFAC, FCA, ESMA, and international authorities.

Donovan Vanderbilt · February 24, 2026 · 5 min read

FIT21 (Financial Innovation and Technology for the 21st Century Act)

The 2024 House-passed legislation that established the decentralization test for crypto classification, gave the CFTC jurisdiction over digital commodity spot markets, and became the legislative foundation for the CLARITY Act.

Donovan Vanderbilt · February 24, 2026

FIT21: The Digital Asset Market Structure Act That Changed American Crypto Law

FIT21 — the Financial Innovation Technology for the 21st Century Act — passed the House 279-136 in May 2024. The first major US crypto bill to pass a chamber, it became the template for the CLARITY Act.

Donovan Vanderbilt · February 24, 2026 · 8 min read

Notice-and-Comment Rulemaking (US)

The formal process under the US Administrative Procedure Act by which federal agencies propose and finalise binding regulations, including rules governing crypto asset markets.

Donovan Vanderbilt · February 24, 2026

Open Regulatory Consultations Tracker

Tracking open and recently closed regulatory consultations on digital assets and tokenization — opportunities to shape policy before rules are finalized.

Donovan Vanderbilt · February 24, 2026 · 4 min read

Regulatory Capture

The phenomenon whereby regulatory agencies come to serve the interests of the industries they regulate rather than the public interest, through mechanisms including the revolving door, lobbying, and information asymmetry.

Donovan Vanderbilt · February 24, 2026

Security vs Commodity: The Classification That Determines Everything

The foundational US regulatory classification dispute that determines whether a crypto asset falls under SEC or CFTC jurisdiction, with fundamentally different compliance implications for each outcome.

Donovan Vanderbilt · February 24, 2026

The Revolving Door in Crypto Regulation

The movement of personnel between crypto regulatory agencies and the crypto industry, raising questions about regulatory capture while providing genuine expertise to both sectors.

Donovan Vanderbilt · February 24, 2026

The Revolving Door in Crypto Regulation: A Systematic Map

The movement of individuals between crypto industry and government regulatory positions — in both directions — is the most structurally significant feature of US crypto regulatory politics in 2024-2026.

Donovan Vanderbilt · February 24, 2026 · 8 min read

United States: From Enforcement-First to Legislative Leader in Digital Asset Policy

The US digital asset policy landscape — GENIUS Act, CLARITY Act, SEC transformation, Fairshake PAC, and the political economy of American crypto regulation.

Donovan Vanderbilt · February 24, 2026 · 12 min read

US Tokenization Legislation: Every Bill, Every Hearing, Every Vote

The complete guide to US digital asset legislation — from the GENIUS Act to CLARITY, from SEC enforcement to the CFTC's expanding role, and the political forces that shaped each outcome.

Donovan Vanderbilt · February 24, 2026 · 15 min read

What FTX Taught Policymakers: The Exchange Collapse That Changed Everything

The November 2022 collapse of FTX and the disappearance of $8 billion in customer funds reshaped crypto regulation worldwide, from the GENIUS Act's asset protection provisions to Singapore's DTSP framework.

Donovan Vanderbilt · February 24, 2026
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