The Securities and Exchange Commission temporarily suspended trading in the securities of a British Virgin Islands-incorporated holding company due to potential market manipulation.
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The Conference of State Bank Supervisors urged Senate Banking Committee leadership to add additional restrictions on stablecoin issuers in the "Digital Asset Market Clarity Act" and to preserve state authority.
Senate Banking Committee Chair Tim Scott released a bipartisan amendment, "in the nature of a substitute" to improve the "Digital Asset Market Clarity Act," a bill to establish a comprehensive regulatory framework for digital assets.
FINRA suspended a broker for borrowing money from a customer without notifying his firm or obtaining the required written approval.
The Federal Deposit Insurance Corporation amended its filing procedures to accelerate the approval process for branch establishments and relocations.