The United States is entering a new and dynamic environment for cryptocurrency activities. The incoming Trump Administration intends to address the regulatory vacuum and "legalize" activities in the space. It is unfortunate that the SEC, headed by outgoing SEC Chair Gensler, will leave US regulators (not just the SEC) unprepared at the SEC.

SEC Commissioner Hester M. Peirce will lead a Task Force dedicated "to developing a comprehensive and clear regulatory framework for crypto assets."

President Trump signed Executive Orders that will have impact on financial services.

President Trump designated Travis Hill, former Vice Chair, as Acting Chair of the FDIC. Mr. Hill succeeds Martin Gruenberg.

A broker-dealer settled FINRA charges for violations of intermarket sweep order regulations and supervisory rules.