SIFMA urged the Office of Foreign Assets Control to overhaul its approach to capital markets sanctions, arguing that the current patchwork of restrictions has produced a perverse result: the sanctioned issuers suffer little, while U.S. pension funds, mutual fund holders and retail investors are left holding frozen, worthless positions.

SIFMA and the Future Industry Association called on the CFTC to establish clearer regulatory standards for prediction markets.

A coalition of 41 attorneys general argued that the CFTC lacks jurisdiction over sports-related event contracts and urged the agency to prohibit event contracts tied to elections, military actions, and government decisions.

CFTC Chair Michael S. Selig identified several Dodd-Frank-era regulations he called unworkable and ripe for overhaul, pledging to replace a patchwork of temporary no-action letters with permanent rulemaking.

Sen. Elizabeth Warren and Rep. Maxine Waters urged Federal Reserve Vice Chair for Supervision Michelle Bowman to rescind proposals that would weaken bank stress testing frameworks.