Unlike the conclusions drawn by the President's Working Group, the Federal Reserve Board researchers concluded that a broad adoption of asset-backed stablecoins can potentially be supported within a two-tiered, fractional reserve banking system without a negative impact on credit intermediation.

The SEC proposed two amendments to the rules governing the agency's whistleblower program.

The United States District Court for the Western District of Wisconsin granted partial summary judgment, on the SEC's request, against a portfolio manager who allegedly lied to investors as to the manager's risk management practices.

OFAC issued a final rule removing the Burundi Sanctions Regulations from the Code of Federal Regulations. The rule will take effect upon its publication in the Federal Register on February 11, 2022.