The OCC proposed regulations to establish a comprehensive licensing, supervisory, and operational regime for (i) insured national banks, federal savings associations, and insured federal branches seeking to issue payment stablecoins through a subsidiary and (ii) nonbank entities, uninsured national banks, and uninsured federal branches seeking to issue payment stablecoins as federal qualified payment stablecoin issuers.

At a Senate Banking Committee hearing, federal prudential regulators described a coordinated push to recalibrate capital and supervision frameworks to better align regulatory burden with institutional risk while preserving safety and soundness.

The Managed Funds Association asked the CFTC to revise and republish a staff no-action letter to clarify the scope of registration relief for certain commodity pool operators that delegate investment management responsibilities.

SIFMA supported FINRA’s proposal to consolidate requirements on outside business activities of registered persons and private securities transactions of associated persons into a new rule focused on "investment related" activities.

Federal Reserve Board Governor Christopher J. Waller outlined a "system-first" approach to artificial intelligence to improve operational efficiency and workforce productivity while maintaining strict risk controls.