SIFMA and the SIFMA Asset Management Group urged the SEC to "apply existing and well-understood securities regulatory principles to digital assets, rather than creating a distinct architecture for this class of assets and transactions."

President Trump signed two joint resolutions passed by congress that nullified final rules adopted by the CFPB in late 2024. The final rules fell within the "lookback" period under the Congressional Review Act.

A firm settled FINRA charges for inaccurately reporting over 16,000 municipal securities transactions in violation of MSRB trade reporting rules.

In a 49–48 vote, the Senate failed to pass a procedural motion to invoke cloture on the "Guiding and Establishing National Innovation for U.S. Stablecoins Act."

The OCC adopted an interim final rule restoring previously rescinded procedures for reviewing applications under the Bank Merger Act. The OCC also rescinded a related policy statement issued in 2024.