The SEC set a new comment deadline of June 13, 2023 for a proposal that would amend the statutory definition of "exchange" to include trading systems that facilitate the trading of crypto asset securities.
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OFAC issued a revised General License under the Russian Harmful Foreign Activities Sanctions Regulations, General License No. 8G, extending the authorization for energy-related transactions with certain Russian financial entities through 12:01 a.m. November 1, 2023.
The SEC issued the highest-ever award of $279 million to a whistleblower for providing information that led to a successful enforcement action.
New York Attorney General Letitia James proposed draft legislation titled the "Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act." The proposed bill would "tighten" cryptocurrency regulation by preventing conflicts of interest, requiring greater public information, and imposing additional "commonsense measures" consistent with other financial services regulations.
Senators Jon Tester (D-MT) and Elizabeth Warren (D-MA) ramped up pressure on top bank executives at recently failed banks.