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Steven Lofchie Commentary by Steven Lofchie

Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, urged colleagues to vote against a cloture motion advancing the Republican-led Digital Asset Market Clarity Act, arguing the bill would benefit President Trump's personal crypto ventures at the expense of national security and investor protections.

The Financial Action Task Force identified emerging money laundering and terrorist financing risks across the gaming and gambling sector, driven by the expansion of online, cross-border, multi-product, and multi-payment platforms.

SEC Chair Paul Atkins directed staff to draft a proposal allowing investment advisers, under certain conditions, to self-custody crypto assets or use state trust companies as custodians, framing it as the third pillar of a comprehensive digital asset regulatory architecture.