House Financial Services Committee Chair Patrick McHenry accused SEC Commissioner Gary Gensler of misleading Congress regarding the classification of Ethereum as a security. Mr. McHenry said the SEC already knew it considered ETH a security before the Commissioner attended a hearing and declined to answer that question.
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FINRA proposed an extension of time for individuals enrolled in the Maintaining Qualifications Program to complete their prescribed 2022 and 2023 continuing education requirements.
The CFTC adopted amendments to rules that impose minimum capital requirements and financial reporting obligations on swap dealers and major swap participants.
Under a recent FCA consultation proposal, U.S. broker-dealers would be able to provide research to U.K. asset managers under soft dollar arrangements. In a "Global Regulation Tomorrow Plus" podcast featuring Norton Rose Fulbright London Partner Jonathan Herbst and Of Counsel Uzmah Yunis, U.S. Securities Partner Mark Highman described the significance of the FCA’s proposal from a U.S. perspective.
The CFTC set an effective date of May 31, 2024 for a final rule amending its swap execution facility regulations related to uncleared swap confirmations.