A bipartisan group of legislators introduced a bill in the Senate and House to create "AI Innovation Labs" to encourage financial firms "to experiment with artificial intelligence without expectation of enforcement action."

In a No-Action Letter, the CFTC Division of Market Oversight allowed a Swap Execution Facility to operate without offering an "Order Book."

The President's Working Group on Digital Assets issued a report setting out the Administration's priorities on the development of digital assets and blockchain technologies.

State banking associations urged the Treasury Department to evaluate whether the modern credit union industry continues to warrant its longstanding tax-exempt status.

The SEC extended exemptive relief on certain CAT NMS Plan requirements that mandate reporting linkages between customer orders and representative orders.