Before the House Financial Services Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence, witnesses testified on the transformative potential of digital assets and blockchain technology, criticized previous policies for stifling innovation and recommended legislation to strengthen the US digital asset ecosystem.

Coinbase urged US banking regulators to take action to remove what it describes as "unlawful and unjustified impediments" preventing banks from offering cryptocurrency custody and execution services.

In a public statement, Acting Comptroller of the Currency Rodney E. Hood announced that the OCC has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System—an international coalition of central banks working on climate and green finance issues.

President Trump signed an Executive Order directing the Attorney General to "cease initiation of any new [Foreign Corrupt Practices Act] investigations or enforcement actions, unless the Attorney General determines that an individual exception should be made."

SEC Acting Chair Mark Uyeda directed staff to notify the Eighth Circuit Court, assigned to hear a consolidated legal challenge to the climate-related disclosure rule, to delay scheduling the case for arguments.