Federal Reserve Governor Christopher J. Waller outlined how private-sector innovation, supported by safe public infrastructure, should drive the future of payments and digital assets.

In a supplemental comment letter to the U.S. Treasury, SIFMA highlighted the need for clarification on withholding and reporting obligations for digital asset exchange-traded funds.

In response to a CFTC request for input on its Listed Spot Crypto Trading Initiative, the Futures Industry Association ("FIA") asserted that the Commodity Exchange Act ("CEA") does not provide the CFTC with comprehensive authority to regulate spot digital asset markets.

A group of global financial trade groups urged the Basel Committee on Banking Supervision to pause implementation of the Cryptoasset Exposures Standard and reconsider key provisions.

SIFMA’s Head of Capital Policy, Dr. Guowei Zhang, argued that recognizing cross-product netting under U.S. capital rules would free up bank resources, strengthen liquidity, and reduce systemic risk—all of which are vital as Treasury clearing volumes increase under the SEC’s new rules.