The SEC proposed amendments and interpretive guidance to rules governing security-based swap activity in a cross-border context.
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The Financial Crimes Enforcement Network provided guidance on the application of Bank Secrecy Act money transmission regulations to business models involving convertible virtual currencies.
SEC Commissioner Hester Peirce criticized the SEC for failing to clarify how it applies the "Howey Test" for determining whether a digital asset constitutes a security in an initial coin offering.
ISDA advised firms on how to prepare for the implementation of initial margin "Phase Five."
The U.S. House Committee on Financial Services created a Task Force on Financial Technology and a Task Force on Artificial Intelligence.