Senator Pat J. Toomey (R-PA) introduced the Retirement Savings Modernization Act, which would make explicit the authority of defined contribution retirement plan fiduciaries to invest in a wide variety of assets, including commodities, digital assets, private equity and real estate.
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FINRA proposed amendments to Rule 0150 to expand the application of certain FINRA rules to business transactions in U.S. government securities.
Acting OCC Comptroller Michael J. Hsu called for greater interagency and international coordination on cryptocurrency regulation to "ensure safety, soundness and fairness and encourage responsible innovation."
SEC Acting Chief Accountant Paul Munter reminded independent auditors of their obligation to detect and prevent fraud in financial reporting.
Grayscale Investments, LLC, sponsor of Grayscale Bitcoin Trust, petitioned the U.S. Court of Appeals for the D.C. Circuit to review an SEC Order disapproving the listing of Grayscale Bitcoin Trust, which holds bitcoin directly on the NYSE Arca Exchange.