The SEC Division of Trading and Markets​​​​​​​ updated FAQs clarifying broker-dealer obligations and regulatory considerations for crypto asset activities and distributed ledger technology. The Division and FINRA's Office of General Counsel also withdrew a 2019 Joint Statement regarding broker-dealer custody of digital asset securities.

Acting Director Keith E. Cassidy described the Division of Examination's approach to "operationalizing" new regulations intended to protect the privacy of consumer financial information and safeguard personal information.

A firm settled Nasdaq BX, Inc., charges for failing to meet continuous quoting obligations.

CFTC Commissioner Summer K. Mersinger said she will leave the agency on May 30, 2025 to become the Chief Executive Officer of the crypto industry's Blockchain Association on June 2, 2025.

A Special Master appointed by the US District Court for the District of New Jersey recommended dismissal of the CFTC's enforcement action against a proprietary trading business. The Court found that the agency engaged in a pattern of willful and bad-faith misrepresentations to the Court.