The minority Democratic staff of the Senate Banking Committee released a fact sheet arguing that the current draft of the Digital Asset Market Clarity Act fails to meet five minimum standards for a crypto framework and is not ready for committee markup.

A licensed money transmitter settled New York State Department of Financial Services ("NYDFS") charges for failing to maintain adequate cybersecurity policies and risk assessments.

The staff of the SEC's Division of Investment Management issued a no-action letter stating that it would not recommend enforcement action against an exchange-traded fund that accepts creation baskets containing securities in an industry in which the ETF is experiencing a passive exceedance of its disclosed concentration policy.

The U.S. Court of Appeals for the Second Circuit unanimously affirmed the conviction of Samuel Bankman-Fried, the founder of FTX, on seven counts of fraud and conspiracy arising from the collapse of the digital-asset exchange and Alameda Research, its affiliated trading firm.

The staff of the SEC's Office of Structured Finance, Division of Corporation Finance, has told Latham & Watkins LLP that it agrees that the fixed-income or other securities issued in data center securitizations of the type described in the firm's request are not asset-backed securities as defined in Exchange Act Section 3(a)(79) ("Definitions and application").