New CFTC Chair Mike Selig withdrew the CFTC’s 2024 proposed event contracts rulemaking and the staff’s 2025 advisory about state regulatory actions regarding sports-related event contracts. Despite the risks they pose, the CFTC seems determined to keep prediction markets unregulated.

Former Federal Reserve Governor Kevin Warsh has been nominated to replace Jerome Powell as chair of the Federal Reserve.

Every American with a credit or debit card, savings or checking account, mortgage or loan of any type depends upon an independent Fed that makes data-driven decisions. The Fed has been the global gold standard of central banks because it has been non-political and driven by facts and data.

The CFPB announced it will cut down on supervisory examinations of financial institutions and move to a virtual-only examination model. This change is part of a broader deregulatory effort under acting CFPB Acting Director Russ Vought, who has sought to dramatically scale back the agency and ultimately eliminate it. This move will allow additional risky and illegal conduct at financial institutions to go undeterred and undetected.

The CFTC extended the compliance date for the rule it adopted in 2024 to require firms to report to the CFTC position information about the largest futures and options traders. As a result of the extension, the CFTC will lack critical information concerning the largest positional exposures in futures and options markets.

The SEC has agreed to dismiss its lawsuit regarding Gemini’s lending program. The SEC has surrendered to the crypto industry.

The FDIC approved applications from Ford Motor Co. and General Motors Co. to form federally insured banks by exploiting the industrial loan company loophole. This exception allows commercial corporations to own banks while avoiding full banking supervision, heightening the risk of contagion between the financial and commercial sectors