FDIC Chair Martin Gruenberg, Federal Reserve Board Vice Chair for Supervision Michael Barr and Treasury Undersecretary for Domestic Finance Nellie Liang testified before the Senate Banking Committee on the Signature Bank and Silicon Valley Bank failures.

The CFTC filed charges against Binance, the world’s largest central digital asset exchange, and its CEO, alleging that the firm solicited U.S. customers while evading the Commodity Exchange Act and CFTC rules.

The Congressional Research Service reviewed the remedial actions taken by the FDIC in response to the closures of Silicon Valley Bank and Signature Bank.

Subcommittee on Oversight and Investigations Chair Bill Huizenga (R-MI), and Subcommittee on Financial Institutions and Monetary Policy Chair Andy Barr (R-KY) requested information from federal and state regulators on their supervisory activities and coordination with other regulators leading up to the collapse of Silicon Valley Bank and Signature Bank.

First-Citizens Bank and Trust Company agreed to assume all deposits and loans of the FDIC's Silicon Valley Bridge Bank.