Republican members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs warned that increased capital requirements could have "serious consequences" for lending, market liquidity, and the broader economy.

Treasury Under Secretary for Domestic Finance Nellie Liang asserted that a U.S. central bank digital currency must be able to: (i) serve as legal tender; (ii) convert one-for-one to other forms of central bank money (i.e., reserve balances or paper currency); and (iii) clear and settle almost instantly.

A foreign individual and his Bermuda organized trust settled SEC charges for conducting securities transactions without registering as a broker-dealer.

A broker dealer settled SEC charges for failing to investigate and file suspicious activity reports on hundreds of customer transactions which raised "red flags" according to the broker dealer’s own procedures.

At an SEC Investor Advisory Committee meeting, regulators, academics and market participants examined (i) the disparity in growth between the private and public markets, (ii) oversight of investment advisers and related custody rules, and (iii) a recent rule proposal regarding open-end fund liquidity risk management and swing pricing.