The New York Office of the Attorney General charged a cryptocurrency trading platform with failing to register as an offeror, seller or purchaser of securities or commodities within the state.

In a Financial Institution Letter, the FDIC highlighted changes made to the Federal Deposit Insurance Act as to prohibitions on bank employment of an individual who has been convicted of an offense relating to dishonesty, breach of trust or money laundering.

In a joint statement, the U.S. Treasury, the FDIC and the Federal Reserve Board announced that all depositors, both insured and uninsured, of Silicon Valley Bank and Signature Bank, would be made whole for their deposits.

A software company that manages donor data for non-profit organizations settled SEC charges for (i) misleading their customers with inaccurate disclosures regarding the extent of a ransomware data breach and (ii) failing to maintain adequate supervisory disclosure controls that led to the categorization of such a data breach as a "hypothetical" on the quarterly reports submitted to the SEC.

At an oversight hearing before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, CFTC Chair Rostin Behnam identified areas for improvement within the CFTC regulatory framework to address the “dislocation” between regulation and technological innovation.