In a lawsuit filed in the Eastern District of Kentucky, a coalition of 18 states and the DeFi Education Fund challenged the SEC's "sweeping enforcement campaign" against the digital asset industry and accused the agency of regulatory overreach.

Directors of FINRA's Special Investigations Unit described the inner workings of the special financial crimes detection program designed to "identify and mitigate threats related to money laundering and other frauds."

The SEC Small Business Capital Formation Advisory Committee began deliberations on the (i) limits of arm's length "venture capital fundraising," (ii) registration exemptions based on the current definition of investment company under the Investment Company Act and (iii) challenges that emerging managers face in raising capital and finding investment opportunities.

The Office of the Comptroller of the Currency named Robert Barnes and Kevin Greenfield as Deputy Comptrollers for Large Bank Supervision.

FINRA filed a proposed rule change to increase its fees. The planned fee increases will be phased in gradually from 2025 through 2029 and are projected to raise revenue growth by approximately 5.3 percent annually, supporting a balanced budget by 2029.