Regulators and legislators hailed the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act.

A broker settled FINRA charges for borrowing over $2 million from customers without firm approval or required documentation.

The US House of Representatives passed: (i) the GENIUS Act, a bill to create a regulatory framework for stablecoins; (ii) the CLARITY Act, a bill which defines when a cryptocurrency is a security or a commodity; and (iii) the CBDC Anti-Surveillance State Act, a bill designed to block the Federal Reserve from issuing a central bank digital currency ("CBDC") without congressional approval.

A firm settled FINRA charges for failing to detect unsuitable short-term trades of syndicate preferred stocks.

SEC Commissioner Hester M. Peirce called for U.S.-U.K. regulatory collaboration and proposed a cross border "joint digital sandbox" that could foster innovation across capital markets while enhancing regulatory insight.