President Joseph R. Biden stated that he will nominate Jonathan Kanter to serve as Assistant Attorney General of the DOJ's Antitrust Division.

The FDIC proposed to simplify its deposit insurance coverage rules by (i) merging revocable trusts and irrevocable trusts under a newly established "trust accounts" category and (ii) providing consistent treatment for mortgage servicing accounts comprised of principal and interest funds.

A firm settled FINRA charges for failing to establish a reasonable AML program designed to report suspicious transactions, and for failing to respond reasonably to red flags associated with China-based accounts.

At a meeting of the OCC, FDIC and President's Working Group on Financial Markets, the PWG stated its intent to address regulatory gaps with respect to stablecoins in the coming months.

NFA extended relief from the requirement to conduct on-site annual inspections of their branch offices and guaranteed introducing brokers.