A CFTC Order requiring the use of a designated unique product identifier and product classification system for swap recordkeeping and data reporting became effective on February 24, 2023.

The DOJ announced that a District of Oregon grand jury charged four founders of a decentralized finance cryptocurrency investment platform with wire fraud for having allegedly perpetuated a crypto-related Ponzi and pyramid scheme that raised approximately $340 million from investors.

The New York State Attorney General sued a cryptocurrency platform for (i) failing to register as a securities and commodities broker-dealer and (ii) falsely representing itself as a cryptocurrency exchange.

The SEC Office of Investor Education and Advocacy issued an updated investor bulletin on leveraged and inverse exchange-traded funds ("ETFs"), particularly single-stock ETFs.

The Federal Reserve Board, the FDIC and the OCC cautioned that banks may face significant liquidity risks in relying on funding from entities in the crypto industry.