Why It Matters
IRACE Digital Bank NA, the rebranded successor to FundBank, registered with Greenberg Traurig LLP Aug. 3 to lobby on financial institutions, investments, and securities.
Two lobbyists are assigned to the account: Demetrius McDaniel as Senior Vice President and Mike Rogers as an Associate. Rogers previously worked as a Legislative Correspondent for Sen. Jack Reed (D-RI) and as a Legislative Assistant for Rep. Frank Pallone, Jr. (D-NJ-6).
Broader Context
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) was enacted on July 18, 2025, establishing a regulatory framework for payment stablecoin activities and generally prohibiting anyone other than a permitted issuer from issuing a payment stablecoin. The GENIUS Act will likely legitimate stablecoins and give the market confidence in transacting subject to a comprehensive federal regulatory framework, according to Clearly Gottlieb, a New York-based law firm.
Access the Legis1 platform for comprehensive political news, data, and insights.
Spot something wrong? Report an issue with this article