SEC Commissioner Caroline A. Crenshaw recommended additional regulation on the fixed income and options markets.

A multi-asset digital trading platform settled a potential civil liability with OFAC for apparent sanctions violations after processing transactions for customers who were either (i) located in Iran or Cuba or (ii) were employees of the Government of Venezuela.

Senate Banking Committee Chair Sherrod Brown asked Treasury Secretary Janet L. Yellen and the Financial Stability Oversight Council to examine the "full framework of regulations protecting depositors, consumers, and the U.S. financial system" in order to strengthen the financial system against current risk.

President Joseph R. Biden urged banking regulators to adopt tougher capital rules to prevent the risk of future banking crises following the failure of Signature Bank and Silicon Valley Bank.

The SEC approved the MSRB rule amendments to establish core standards of conduct and duties for "solicitor municipal advisors."