House Financial Services Committee Chair French Hill and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chair Bryan Steil urged Congress to move quickly to enact legislation on digital assets.
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The SEC formed a new Cyber and Emerging Technologies Unit "to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space."
The SEC moved to voluntarily dismiss its appeal of a federal court ruling that struck down the "Dealer Rule."
The NFA reminded swap dealers of their regulatory obligations by highlighting common deficiencies identified during examinations.
Federal Reserve Board Governor Michelle W. Bowman called for enhancing oversight of supervisors, streamlining de novo bank formation, modernizing merger and acquisition approval processes and reducing regulatory inefficiencies.