The Federal Reserve Bank of New York initiated a 12-week proof-of-concept project to explore the feasibility of a U.S. Central Bank Digital Currency based on distributed ledger technology.
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FINRA is conducting targeted exams of retail communications on crypto asset products and offerings. The period under examination is July 1, 2022 through September 30, 2022.
A coalition of 40 Attorneys General obtained $391.5 million in a settlement with Google, LLC for misleading users about its policies for capturing and storing user location data.
The Bank Policy Institute, ABA, Institute of International Bankers and SIFMA urged the Cybersecurity Infrastructure Security Agency to develop incident reporting requirements that are "simple, tied to an actionable purpose and broadly useful."
CFTC Commissioner Caroline D. Pham encouraged firms to establish a compliance program to "identify, escalate and self-report material or potentially material non-compliance issues to the relevant authorities."