In testimony before the House Committee on Financial Services, Federal Reserve Board Vice Chair Lael Brainard considered the potential use and creation of a central bank digital currency.

We wish our readers a happy and safe Memorial Day weekend.

OFAC issued a General License authorizing certain administrative transactions under the "Russian Harmful Foreign Activities Sanctions Regulations."

The DOJ, on behalf of FTC, settled an action against Twitter for misrepresenting the extent to which it maintained and protected the security and privacy of users' nonpublic contact information.

The CFTC Division of Data extended previously issued no-action relief from certain reporting and recordkeeping requirements for transactions involving derivatives clearing organizations acting pursuant to either (i) CFTC exemptive orders or (ii) CFTC Division of Clearing and Risk no-action relief.