DSG Crypto Regulatory Roundup: March 2024
International Bodies EU Scraps Proposed $1K Payment Limit for Self-Custody Crypto Wallets: The European Union is moving ahead with new anti-money laundering laws to limit cash and some crypto transactions, but proposed noncustodial wallet limits did not make the final cut. More here. UK Regulator to Tighten Measures Against Crypto …
Read MoreHouse Appropriations Ag Subcommittee Hearing
On March 20, the House Appropriations Ag Subcommittee held hearing on USDA’s FY 2025 budget requests. The Subcommittee heard from USDA Secretary Tom Vilsack regarding USDA’s fiscal year (FY) 2025 budget request, totaling $25.1 billion, representing a $2.2 billion increase from the previous year. During the hearing, Secretary Vilsack discussed …
Read MoreSEC Finalizes Climate Disclosure Rule and 605 Rule
On March 6, the Securities and Exchange Commission (SEC) finalized two significant rules: Disclosure of Order Execution Information and Enhancement and Standardization of Climate-Related Disclosures for Investors. 605 Rule: The SEC adopted a rule that would update the disclosures required under Rule 605 of Reg NMS for order executions in stocks …
Read MoreHFSC Hearing
On March 21, the House Financial Services Committee held a hearing entitled “Importing Global Governance: Examining the Dangers of Ceding Authority Over American Financial Regulation.” The witnesses in the hearing were: · Dr. Michael Gibson, Director of Supervision and Regulation, Board of Governors of the Federal Reserve System (Fed) · …
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