SEC Commissioner Mark Uyeda concluded that recent redemption limits imposed by some private credit funds worked as intended and were not evidence of product failure. He acknowledged that many investors appeared confused by the caps.

Former national security, intelligence, and law enforcement officials urged the Senate to pass the Digital Asset Market Clarity Act, arguing it would give investigators and prosecutors stronger tools against illicit finance in crypto markets.

The NFA proposed amending its annual member questionnaire rules to end a requirement that the signer must also be a registered associated person.

The NFA proposed amending its rules on branch offices to allow a single manager to supervise more than one branch office and to supervise remotely, on a full or part-time basis, where a member firm can show the arrangement is appropriate.

National and state banking associations supported (i) an OCC interim final rule clarifying that national banks may charge credit and debit card interchange fees, and (ii) an OCC interim final order clarifying that the Illinois Interchange Fee Prohibition Act is preempted as to national banks.