In a full committee hearing, the Senate Banking Committee examined the risks posed to investors in connection with the "increasing presence of fraud" in the cryptocurrency and general securities markets.
In testimony before the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, SEC Director of Enforcement Gurbir S. Grewal stated that the Division is focusing enhanced resources on protecting investors in digital asset markets.
House Financial Services Committee Chair Maxine Waters and Senate Banking Committee Chair Sherrod Brown called on the SEC "to require the disclosure of standardized data of race, ethnicity, gender, sexual orientation, and disability status."
Industry groups, regulators and elected officials submitted feedback on the SEC's proposed disclosure requirements regarding cybersecurity risk management, governance, strategy and incident reporting by public companies.
Republican members of the U.S. Senate Banking Committee released a discussion draft of proposed legislation "to help accelerate economic growth and spur new business formation."