Fashion Law Update

Texas is home to 31.3 million people, and with two of the country’s leading metropolitan areas by economic output, Texas is the world’s eighth largest economy at US$2.7 trillion.

The year 2025 saw significant regulatory activity in the realm of digital assets. The US Congress and financial regulators took steps to create and implement a clear legal framework to facilitate financial transactions using digital assets, and they will continue to do so in 2026.

On 20 February 2026, the US Supreme Court issued its decision in Learning Resources, Inc. v. Trump, consolidated with Trump v. V.O.S. Selections, Inc., addressing whether the President has authority under the International Emergency Economic Powers Act to impose tariffs. 

With the passage of the Guiding and Establishing National Innovation for US Stablecoins Act on 18 July 2025, Congress established a federal regulatory framework for payment stablecoins.