Courtney Degen

The Senate Banking Committee canceled a vote to reconfirm Democratic SEC Commissioner Caroline Crenshaw, upping the chances of a temporary three-person, all-Republican commission in the new administration.

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In a new, Republican-controlled Congress, retirement policy will likely take a back seat to other party priorities, such as implementing tax cuts and confirming cabinet nominations, though lawmakers will continue their focus on cryptocurrency and investment restrictions in China, sources said.

Sen. Tim Scott, R-S.C., and Rep. French Hill, R-Ark., requested that the Treasury Department share more information with Congress on a cybersecurity hack of the department by a China state-sponsored actor.

Federal Reserve Gov. Lisa Cook said Jan. 6 that the central bank can “cautiously” move forward with rate cuts and spoke about several areas that she said bring financial vulnerabilities, including private credit and stablecoins.

Commodity Futures Trading Commission Chair Rostin Behnam renewed his call for cryptocurrency legislation and warned of increased litigation risk post-Chevron on Jan. 8, in his last public remarks as chair.

The Labor Department's Employee Benefits Security Administration recovered nearly $1.4 billion in direct payment to plans, participants and beneficiaries in fiscal year 2024, the agency announced in a recent fact sheet

The SEC's acting enforcement director, Sanjay Wadhwa, will depart the agency at the end of the month, following a record number of enforcement actions filed in the first quarter of fiscal year 2025, which ended Dec. 31.

Republican SEC Commissioner Hester Peirce will lead a new crypto task force, the agency announced Jan. 21, aimed at “developing a comprehensive and clear regulatory framework” for cryptocurrencies.

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