Douglas Gillison

The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed for tailored rules.

A federal judge on Tuesday paused a lawsuit against the U.S. Consumer Financial Protection Bureau that had sought to strike down open banking regulations, granting the agency's request for time to replace the contested rules adopted under former President Joe Biden with a new version, court papers showed.

Voting in the U.S. House of Representatives on whether to open debate on several cryptocurrency bills bogged down on Wednesday, a day after President Donald Trump intervened to try and save the initiative.

President Donald Trump's rapid pullback of the U.S. Consumer Financial Protection Bureau has cost Americans at least $18 billion in higher fees and lost compensation for consumers allegedly cheated by major companies, according to an analysis released Tuesday by two organizations.

A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary request.

The top remaining enforcement official at the U.S. Consumer Financial Protection Bureau has tendered her resignation, saying the White House's overhaul of the agency had made her position untenable, according to an email seen by Reuters.

Wall Street's top regulator told the White House in March it had already made substantial progress toward meeting President Trump and Elon Musk's demands for leaner government via voluntary workforce reductions, according to a planning document obtained by Reuters.

The chairman of the U.S. Securities and Exchange Commission told staff Thursday they no longer need to send weekly emails detailing their work accomplishments from the previous week, according to two sources with knowledge of the matter.

Jamie Selway, a long-time market structure and investment technology expert with ties to the crypto sector, has been tapped to run the trading and markets division at the U.S. Securities and Exchange Commission, according to two people with knowledge of the matter.

The U.S. Securities and Exchange Commission on Friday said it was asking Congress to keep its budget unchanged next year and its workforce significantly leaner following recent deep staff cuts.