The U.S. District Court of the Northern District of California granted summary judgm ent in favor of the OCC and FDIC, respectively, affirming their rulemaking authority and the agencies' "valid-when-made" rules.
The SEC adopted changes to the exemptions for certain clearing agencies and broker-dealer/futures commission merchants concerning the portfolio margining of swaps and security-based swaps that are cleared credit default swaps.
On The Coinbase Blog, Chief Legal Officer Paul Grewal stated that the SEC issued a notice to Coinbase indicating the agency's intention to bring an enforcement action against Coinbase if it launched its proposed "Coinbase Lend" program.
An operator of a website that listed and profiled offerings of digital asset securities settled SEC charges for failing to disclose compensation the operator received from the issuers of the digital asset securities.
The CFPB issued a "compliance assistance sandbox" approval to PayActiv, Inc. The relief provides a time limited safe harbor from potential liability under the Truth in Lending Act in connection with the company's "earned wage access products."