The CFTC Division of Market Oversight and Division of Clearing and Risk issued a consolidated no-action letter that allows designated contract markets and derivatives clearing organizations to report fully collateralized event contracts under the futures and options reporting regime instead of the swap data reporting regime.

State securities regulators urged federal legislators to reject or significantly revise the Digital Asset Market Clarity Act. NASAA demanded Senate Banking Committee members preserve the state-level enforcement framework.

In an amicus brief before the Sixth Circuit, the CFTC argued that sports-related event contracts listed on designated contract markets are "swaps" within the agency's exclusive jurisdiction and that state gambling laws cannot reach them.

The House Financial Services Committee advanced a legislative package focused on curbing technology-accelerated financial fraud. The full House of Representatves passed bills providing regulatory relief to smaller banks.

The SEC's new Enforcement Division Director will bring fewer cases, but more consequential ones. He said the Division would get back to basics by targeting offering frauds, accounting and disclosure violations, insider trading and market manipulation.