A firm settled charges brought by Nasdaq ISE, LLC and Nasdaq PHLX, LLC for submitting quotes that exceeded the allowable bid/ask spread.

Senate Majority Leader John Thune moved to fast-track procedures for a vote on a bill to create a regulatory framework for stablecoins. Ten Democratic Senators objected to the revised version of the "Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act."

A broker-dealer settled FINRA charges for supervisory failures related to the sale of leveraged and inverse exchange-traded products, unauthorized trading and missed branch inspections.

In a joint letter, financial industry trade associations urged the President’s Working Group on Digital Asset Markets to take specific steps toward codifying a unified, "technology-neutral" regulatory framework on digital assets and to provide guidance that supports the ability of banks to engage in digital asset activities.

The Managed Funds Association questioned the substance and timing of proposed best practices for the margining of non-centrally cleared bilateral repos in light of the pending transition to central clearing.