The U.S. Senate Committee on Banking, Housing, and Urban Affairs approved the renomination of Commissioner Hester M. Peirce to the SEC and the nominations of Caroline A. Crenshaw to the SEC and Kyle Hauptman to the National Credit Union Administration Board.
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President Trump issued two separate Executive Orders to "address the threat" created by the U.S. operations of two social media applications, TikTok and WeChat. In addition, OFAC designated Hong Kong Chief Executive Carrie Lam, among other officials, to its Specially Designated Nationals and Blocked Persons List.
The U.S. Court of Appeals for the Ninth Circuit reversed a District Court decision on remedies. The Ninth Circuit remanded the case with instruction for further consideration of penalties imposed on defendants accused of defrauding foreign investors seeking to obtain U.S. visas through the EB-5 Immigrant Investor Program.
The SEC outlined an updated nomination process for appointment to the Investor Advisory Committee.
The SEC approved an MSRB proposal to amend Board Membership and Board Committee rules to improve MSRB governance and transparency.