The SEC approved a proposed rule change by The Nasdaq Stock Market LLC to enable the trading of securities in tokenized form during the pendency of a tokenization pilot program operated by the Depository Trust Company.

The SEC approved an amendment to the National Market System Plan Governing the Consolidated Audit Trail to implement a revised, two-year interim funding model known as the "Executed Share Model."

The North American Securities Administrators Association opposed FINRA’s proposal to permit performance projections in broker-dealer communications with the public, citing inadequate protections for retail investors.

The Federal Reserve Board, together with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, proposed coordinated revisions to the U.S. bank regulatory capital framework.

The U.S. Department of Labor restored its prior five-part test for determining "fiduciary" status under the Employee Retirement Income Security Act, implementing federal court decisions that vacated the 2024 "Retirement Security Rule."