House Financial Services ("HFS") Republicans informed SEC Chair Paul Atkins that the Committee was conducting oversight on the agency's Office of Information Technology ("OIT") based on a recently completed Inspector General's ("OIG") "Special Review [of] Avoidable Errors [that] Led to the Loss of Former SEC Chair Gary Gensler’s Text Messages."
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President Donald Trump nominated Travis Hill to be the next Chair of the FDIC.
The IRS and SEC are now operating under published contingency plans following the federal government shutdown.
The Managed Funds Association urged the SEC and CFTC to advance efforts of regulatory harmonization by eliminating duplication and streamlining oversight.
Blockchain Association CEO Summer Mersinger pressed Senate Banking and House Financial Services Committee leaders to defend the GENIUS Act against efforts by banks to weaken its provisions.