The Congressional Research Service highlighted systemic vulnerabilities within the nonbank financial intermediation (a/k/a "shadow banking") sector.
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The OCC, FDIC and NCUA issued an Order allowing banks to collect Taxpayer Identification Numbers from third-party sources instead of directly from customers.
The Board of Governors of the Federal Reserve System found that large banks "have sufficient capital to absorb more than $550 billion in losses and continue lending to households and businesses under hypothetical stressful conditions."
The Blockchain Association urged the SEC to update its custody rules for investment advisers who handle crypto assets.
Witnesses before the Senate Banking Committee's Subcommittee on Digital Assets urged Congress to pass clear legislation to regulate the cryptocurrency market.