February 24, 2026
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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|

Digital Yuan

Countries · China

China: The World's Largest Crypto Ban and Most Advanced CBDC

China's September 2021 total cryptocurrency ban and its e-CNY (Digital Yuan) — the world's most advanced major-economy CBDC — represent the starkest possible contrast between restricting private crypto and promoting state digital currency.

Donovan Vanderbilt · February 24, 2026 · 9 min read

Digital Yuan (e-CNY)

China's central bank digital currency, the world's most advanced retail CBDC deployment, issued by the People's Bank of China and operated through a two-tier commercial distribution model.

Donovan Vanderbilt · February 24, 2026
Analysis

US-China Digital Finance Rivalry: The New Geopolitical Battleground

Donovan Vanderbilt · February 24, 2026 · 8 min
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About Tokenization Policy
The Vanderbilt Terminal for Digital Asset Policy & Regulation — the Chatham House / Brookings of tokenization.
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Investment
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Legals
4 articles
Legislation
Comprehensive coverage of tokenization legislation worldwide — from the GENIUS Act to MiCA, from the Swiss DLT Act to Hong Kong's VATP regime.
Lobbying
How the crypto industry lobbies for its preferred policy outcomes — PAC donations, revolving door, coalition strategies, and the $202M Fairshake operation.
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Live tracking of global tokenization legislation, US bills, EU implementation, CBDC development, and lobbying spend across 25+ jurisdictions.
Policymakers
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Political Economy
The political economy of tokenization — who wins, who loses, and why regulation looks the way it does. Power, interests, and institutional design.
Think Tanks
The research institutions shaping tokenization policy — Brookings, Atlantic Council, Chatham House, Peterson Institute, and 15 more.
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