Federal Reserve Board Vice Chair for Supervision Michael S. Barr reviewed developments in payment system innovation and emphasized the importance of "carefully weigh[ing]" the benefits and risks of the new technologies as to stablecoins and central bank digital currencies.
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SEC Chair Gary Gensler identified areas of noncompliance in the securities markets, advocating for holding bad actors accountable by "prosecut[ing] dishonesty."
FinCEN proposed new recordkeeping and reporting requirements for financial institutions that facilitate convertible virtual currency "mixing" transactions.
The SEC entered into a Stipulation of Partial Dismissal, approved by the District Court of the Southern District of New York, to dismiss in their entirety, charges filed by the SEC against two of the Ripple defendants for engaging in unregistered distribution of securities in violation of Securities Act.
The New York Attorney General sued a cryptocurrency platform and cryptocurrency lender for operating a fraudulent investment program.