The National Credit Union Administration Board set September 27, 2021, as the deadline for comments on the existing and potential impact on federally insured credit unions, related entities and the NCUA resulting from activities connected to digital assets and related technologies.

Starting in the fall of 2021, the New York State Department of Financial Services will collect gender, racial and ethnic board composition data from (i) all New York-regulated banking institutions with over $100 million in assets, (ii) all regulated non-depository financial institutions with over $100 million in gross revenue, and (iii) all authorized entities engaging in virtual currency business activities.

The U.S. House Committee on Financial Services voted to advance the "Adjustable Interest Rate (LIBOR) Act of 2021," which would establish a process for replacing LIBOR with the Secured Overnight Financing Rate in financial contracts that do not contain sufficient fallback provisions upon the cessation of LIBOR.

Senator Elizabeth Warren (D-MA) urged the Financial Stability Oversight Council to address risks to the U.S. financial system arising from cryptocurrencies.