Commentary by Steven Lofchie and Sebastian Souchet
New York Attorney General Letitia James directed two cryptocurrency lending platforms to cease operations within the next 10 days, and three other platforms to provide more information on their activities.
The OCC outlined its bank supervision operating plan for fiscal year 2022. The plan serves as guidance to staff members in their supervision of banking entities.
FINRA provided member firms with a calendar schedule to assist firms with required filing submissions in connection extensions of time around holidays when exchanges or banks are closed.
To "animate an open and constructive discussion" on the future of digital assets, Coinbase Chief Policy Officer Faryar Shirzad proposed a regulatory framework.
In its guidance, OFAC stated that "it is vital that the virtual currency industry prioritize cybersecurity and implement effective sanctions compliance controls to mitigate the risk of sanctioned persons and other actors exploiting virtual currencies to undermine U.S. foreign policy interests and national security."