The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.
A former Coinbase employee and two others were charged. The SEC's parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.
The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.
The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.
Korean and US officials have not explicitly agreed to reopen a currency swap line which expired at the end of last year.
The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.
SEC Commissioner Allison Herren Lee said the amendments are “bettered tailored” to balance the needs of investors.
This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.
The LIBOR Legacy Playbook will help market participants transition legacy LIBOR cash products. Refinitiv will publish fallback rates based on the CME Term SOFR rates in September.
The US will promote the adoption and implementation of international standards while ensuring a "coordinated message" and limiting duplication of work.
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