Responding to recent legislative efforts which would empower the CFTC with primary regulatory oversight over crypto-assets, SEC Chairman Gary Gensler argued that crypto-assets being offered to the public have characteristics of an investment contract and are subject to securities regulation and enforcement.
In a speech on regulating crypto-assets and decentralized markets, Federal Reserve Board Governor Christopher J. Waller argued that the focus should be on those investors who may experience catastrophic losses due to their lack of understanding of the risks involved.
In a civil case involving the theft of digital assets, the Supreme Court of the State of New York authorized a cryptocurrency exchange to serve notice on a group of anonymous defendants via "airdrop" using a special-purpose Ethereum-based token.
SIFMA and the American Bankers Association urged the SEC to delay the effective date of a Staff Accounting Bulletin which would require firms providing custody for crypto-assets to bring those assets onto their balances sheets.
The Congressional Research Service examined the use of cryptocurrency as a tool for evading Western sanctions against Russia. It concluded that the threat of Russian entities using digital currencies to avoid sanctions is still present.