In a letter to the Federal Reserve, the FDIC, the OCC and the NCUA, Senator Cynthia M. Lummis (R-WY) and Representative Patrick McHenry (R-NC) criticized SEC guidance on the accounting treatment of cryptocurrency assets by custodians.

In comments on the use of digital assets in illicit finance activities, the Bank Policy Institute and the American Bankers Association urged regulators to better understand the differences between risks associated with nonbank issued cryptocurrencies and stablecoins and traditional banking products and services.

Republican members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs warned that increased capital requirements could have "serious consequences" for lending, market liquidity, and the broader economy.

Treasury Under Secretary for Domestic Finance Nellie Liang asserted that a U.S. central bank digital currency must be able to: (i) serve as legal tender; (ii) convert one-for-one to other forms of central bank money (i.e., reserve balances or paper currency); and (iii) clear and settle almost instantly.

A foreign individual and his Bermuda organized trust settled SEC charges for conducting securities transactions without registering as a broker-dealer.