House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) proposed legislation that would establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.
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The SEC expressed regret that its internal systems "lacked sufficient safeguards surrounding access to Adjudication memoranda" and said that it is committed to preventing similar lapses in the future.
In an analysis of deposit insurance coverage on funds stored through payment apps, the CFPB Office of Competition and Innovation and Office of Markets highlighted that U.S. consumers store "billions of dollars" on these apps and that "funds stored in a payment app may be at significantly higher risk of loss for a consumer than if it is deposited in an insured bank or credit union account."
The DOJ charged a multinational technology company for retaining children's personal information on a voice assistant service indefinitely and for misleading parents regarding their ability to delete such information.
NFA issued a new digital asset compliance rule that applies antifraud requirements to activities by member firms in Bitcoin and Ether.