The Supreme Court deferred a decision to issue a stay of a District of Columbia Circuit determination and Order granting Lisa Cook an injunction and preventing her removal as a Federal Reserve Governor.

In a no-action letter, the SEC Division of Investment Management ("Division") permitted advisers and funds to treat State Trust Companies as "banks" to allow custody of crypto assets and related cash.

The SEC granted conditional exemptive relief to Consolidated Audit Trail ("CAT") participants from certain requirements under the Exchange Act and Regulation NMS in order to reduce operating costs.

SEC Commissioner Hester M. Peirce called for a "principles-based" framework for crypto custody, arguing that rigid rules risk undermining investor protection and limiting market development.

The SEC issued new guidance to assist broker-dealers and other market participants with the implementation of the Treasury clearing rules.