The senators praised a number of new proposed cybersecurity rules from the SEC, but called for more, including a requirement for publicly traded companies to disclose to investors whether they have a cybersecurity expert on their board of directors and if not, provide an explanation for why.
Despite rapidly growing support from the U.S. financial community for stablecoin cryptocurrency, a new report from the Federal Reserve Bank raises questions about the potential risks of instituting a central bank digital currency (CBDC).
Small and minority-led FSIs informed Congress that they required “better, more streamlined regulation” to help them set better IT security protocols and programs.
