On January 13, 2022, CFTC Commissioner Dawn D. Stump delivered remarks at the Chamber of Digital Commerce. Commissioner Stump acknowledged that: (1) market regulators must avoid stifling beneficial market innovations by rigidly clinging to past regulatory approaches that do not fit the current paradigm of products and services offered to the public; and (2) infrastructure providers must accept regulatory oversight to assure market integrity and consumer protection.

In December 2021, the White House released the “United States Strategy on Countering Corruption” (the “Strategy”). The Strategy is a follow-on document to the June 3, 2021, Memorandum on Establishing the Fight Against Corruption; (See our prior Alert regarding corruption as national security priority), which set Administration policies regarding the corrosive impact of corruption globally and directed key agencies and departments to develop strategies to attack corruption.

Next year the Federal Trade Commission (“FTC” or “Commission”) will adopt a new four-year strategic plan for fiscal years 2022-2026, as required by the GPRA Modernization Act of 2010. This Act requires federal agencies to update their strategic plans every four years.

On November 23, 2021, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (collectively, “Supervisory Agencies”) issued the Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps (“Joint Statement”).