The Crypto Council for Innovation, a non-profit advocating for inclusive regulation, urged the Consumer Financial Protection Bureau to adopt a "consumer-centric, innovation-friendly framework" for financial data access.
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Governor Christopher J. Waller asked the Federal Reserve to explore a new type of account to give payments-focused firms direct access to Fed payment services without the full privileges of traditional master accounts.
Senate Banking Committee Ranking Member Elizabeth Warren urged Treasury Secretary Scott Bessent to strengthen safeguards as the Department implements the Guiding and Establishing National Innovation for U.S. Stablecoins Act.
Senate Banking Committee Chair Tim Scott and Senator John Kennedy introduced legislation to raise reporting thresholds for currency transaction reports and suspicious activity reports under the Bank Secrecy Act.
FINRA suspended a broker for failing to disclose an outside business activity involving a real estate investment partnership with a firm customer.