A group of global financial trade groups urged the Basel Committee on Banking Supervision to pause implementation of the Cryptoasset Exposures Standard and reconsider key provisions.

SIFMA’s Head of Capital Policy, Dr. Guowei Zhang, argued that recognizing cross-product netting under U.S. capital rules would free up bank resources, strengthen liquidity, and reduce systemic risk—all of which are vital as Treasury clearing volumes increase under the SEC’s new rules.

ICE Clear Credit LLC applied to register as a clearing agency to clear U.S. Treasury securities—including secondary market trades and repo transactions—through its newly proposed Treasury Business.

Federal Reserve Vice Chair for Supervision Michelle W. Bowman outlined the Fed's approach to "technology and tools like blockchain in the context of bank supervision" and her priorities for overseeing digital assets.

The Blockchain Association and the Crypto Council for Innovation pressed Senate Banking Committee leaders to reject efforts by banking trade groups to amend the recently enacted GENIUS Act.