OFAC issued two determinations related to the Russian quantum computer sector and two General Licenses concerning (i) the wind down of transactions with certain Russian entities and (ii) activities related to "journalistic activities and the establishment of news bureaus."
News & Insights
In a speech before the American University "Web3 Summit," CFTC Commissioner Summer K. Mersinger asserted that the CFTC "is more than up to the task of effectively regulating and policing spot cryptocurrency markets."
Four investment advisers settled charges for violating the SEC's "pay-to-play" rule by accepting compensation from "government entities" for advisory services during the rule's "time out" period after one or more covered associates of each adviser made campaign contributions.
In testimony before the Senate Banking Committee, SEC Chair Gary Gensler outlined the agency's responses to current forces changing the face of finance from new "[f]inancial technologies and business models, from predictive data analytics to crypto."
President Joseph R. Biden signed an Executive Order providing guidance to the Committee on Foreign Investment in the United States on maintaining a robust foreign investment review process to identify and address potential national security risks.