In its November 2022 Financial Stability Report, the Federal Reserve Board identified primary risks to financial stability in the banking industry, including "unexpectedly and persistently high inflation," cyberattacks, and climate-related and digital asset-related financial risk.

OFAC redesignated a privacy-enhancing virtual currency mixing service that utilizes smart contracts "for its role in enabling malicious cyber activities, which ultimately support the Democratic People’s Republic of Korea's WMD program."

Financial Information Forum criticized related FINRA and MSRB proposals to shorten the required reporting time for certain fixed income securities.

The U.S. District Court for the District of New Hampshire ruled that digital asset company LBRY violated U.S. securities laws as a result of selling tokens that were securities without registering the tokens with the SEC.

In response to a Treasury request for comment on the use of digital assets in illicit finance activities, SIFMA asserted that traditional financial institutions are well-prepared to manage the risk of digital assets being employed for improper purposes.