SEC enforcement report signals shift in crypto regulatory approach

SEC Signals Crypto Enforcement Reset, Cites ‘Course Correction’ in FY2025 Results

April 8, 2026 60

WASHINGTON, April 7, 2026 — The U.S. Securities and Exchange Commission said it made a “necessary course correction” in its approach to enforcing federal securities laws as they apply to crypto assets, as it released its fiscal year 2025 enforcement results on Tuesday, according to a press release.

OCC approval of Coinbase trust bank charter illustration

OCC Grants Preliminary Approval for Coinbase National Trust Company

April 7, 2026 56

WASHINGTON, April 2, 2026 — The Office of the Comptroller of the Currency has granted preliminary conditional approval to Coinbase Global Inc.’s application to establish Coinbase National Trust Company in New York, a proposed national trust bank that would provide digital asset custody services as a fiduciary, primarily for institutional clients, according to OCC Corporate Decision No. 1370 dated April 2.

Abstract node network representing market data reporting and odd-lot information dissemination system

LTSE Updates Order Priority Rule to Conform With Odd-Lot Reporting Requirements

April 4, 2026 61

WASHINGTON, April 3, 2026 — The U.S. Securities and Exchange Commission has published a notice of filing and immediate effectiveness of a proposed rule change by the Long-Term Stock Exchange to amend its order priority rule to conform with odd-lot reporting requirements under Regulation NMS, according to an SEC notice.

Illustration of layered documents with a node diagram representing transaction reporting system architecture

FCA and Bank of England Establish Taskforce to Harmonise Transaction Reporting

April 4, 2026 69

LONDON, April 2, 2026 — The Financial Conduct Authority and the Bank of England have jointly invited expressions of interest from market participants to join a taskforce aimed at informing the design of a long-term approach to harmonising transaction and post-trade reporting across UK wholesale markets, according to a statement.

ESMA sets operational expectations for EU consolidated tapes ahead of launch

ESMA Sets Operational Expectations for EU Consolidated Tapes Ahead of Launch

April 4, 2026 76

PARIS, April 1, 2026 — The European Securities and Markets Authority has issued guidance on how market participants should prepare for the launch of the European Union’s consolidated tapes, publishing Questions and Answers covering the onboarding of data contributors and operational expectations for Consolidated Tape Providers (CTPs), according to a statement.

U.S. Capitol building representing federal jurisdiction in CFTC lawsuit over prediction markets

CFTC Sues Three U.S. States Over Prediction Markets Jurisdiction

April 3, 2026 70

WASHINGTON, April 2, 2026 — The Commodity Futures Trading Commission said it has filed lawsuits against the U.S. states of Arizona, Connecticut, and Illinois, challenging actions taken against CFTC-registered designated contract markets and seeking to reaffirm its exclusive jurisdiction over prediction markets, according to a CFTC press release.