U.S. President Joseph R. Biden urged Congress to "impose tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing." He is expected to announce Administration actions to address the financial fallout of the recent bank failures today.
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The White House issued guidance outlining the government's regulatory approach to addressing the potential risks and benefits of cryptocurrencies and other digital assets, as well as the underlying technology.
In an Executive Order, President Joseph Biden directed federal financial regulatory agencies to develop a strategy to reduce climate change and associated financial risks.