SEC Chair Gary Gensler identified new challenges and risks posed by artificial intelligence to market participants and the greater financial system.

Senator Cynthia Lummis (R-WY) and Senator Kirsten Gillibrand (D-NY) reintroduced a legislative proposal to establish a comprehensive scheme for the regulation of digital assets.

Former Federal Reserve Board Vice Chair for Supervision Randal Quarles argued that the regime currently used by the FRB to conduct stress tests is “illegal.”

In an Investor Bulletin, the SEC and FINRA described the various ways in which a customer may hold securities and warned of the risks associated with crypto assets.

Federal Reserve Bank of New York senior economists described differences among stablecoins, reviewed the risks of runs on stablecoins and examined the stablecoin run of May 2022.