Stablecoin regulation has been an active area through 2025-26 with multiple congressional bills (GENIUS Act, etc.) and regulatory positioning by SEC/CFTC/OCC. As of May 4, 2026, no major stablecoin issuer has faced a federal enforcement action this calendar year despite active regulatory discussion. RESOLVES YES if, on or before 23:59 UTC August 31, 2026, ANY of the following occur with a major USD stablecoin issuer (Tether, Circle/USDC, PayPal/PYUSD, Paxos): (a) SEC enforcement action filed, (b) CFTC enforcement action filed, (c) DOJ criminal/civil action filed, (d) OCC consent order or cease-and-desist, (e) FinCEN public action. Enforcement must be on-record, not rumored or anonymously sourced. RESOLVES NO if no such action is publicly filed by deadline. State-level actions (NY DFS settlements, etc.) do NOT count — federal only. Enforcement against derivative products or DEXes that use stablecoins but are not issuers do NOT count.