House Financial Services Committee Chair Patrick McHenry (R-NC) and a bipartisan group of legislators asked banking regulators to clarify "through guidance and other actions" that an SEC Staff Accounting Bulletin, which describes how a custodian must account for digital assets, is not enforceable.
News & Insights
A global gaming and sports betting company settled SEC charges that it violated the Foreign Corrupt Practices Act by failing to (i) establish and maintain a reasonable system of internal accounting controls and (ii) record and monitor payments to Russian third-party consultants.
A Canadian cannabis company settled SEC charges for filing financial statements with the SEC containing material accounting errors, and failing to maintain adequate internal accounting controls.
In a 2022-2026 Strategic Plan, CFTC Chair Rostin Behnam highlighted "emerging trends transforming global derivatives markets" including "digital asset commodities, decentralized finance, and Environmental, Social, and Governance Investing."
In testimony before the U.S. Senate Banking Committee, SEC Chair Gary Gensler weighed in on market structure, predictive data analytics, issuers and issuer disclosure, and funds and investment management.