SEC staff urged broker-dealers and advisers to be ready for the shortening of the securities transaction settlement cycle.

FinCEN solicited comment on the Customer Identification Program Rule requirement that banks collect a taxpayer identification number, from a customer who is a U.S. person, prior to opening an account.

The U.S. District Court for the Southern District of New York denied Coinbase's Motion for Judgment on the Pleadings in the SEC's case against the exchange, allowing the SEC to proceed with its lawsuit. The SEC alleges that the Coinbase operates as an unregistered exchange, broker and clearing agency.

Republicans on the House Financial Services Committee and the House Committee on Agriculture requested clarification from the SEC as to whether the Ethereum token, Ether, is a security.

The Treasury Department reported on the state of AI-cybersecurity risk and recommended that financial institutions broaden risk management and cybersecurity practices, consider greater integration of AI solutions into cybersecurity practices and collaborate on threat information sharing.