Banking – Week of May 4 in Review

Formal government action last week was limited to the Senate Banking Committee’s decision to mark up on May 14 the bill to enact the CLARITY Act, the OCC’s approval of a de novo national trust bank, and the SEC’s proposal of a rule on semiannual (rather than quarterly) reporting.  But several non-formal events, including speeches and papers, warrant attention as they may foreshadow formal action on such matters as private credit, stablecoins, and tokenization.

Read the full detailed report in the PDF linked below: