Remarks by U.S. SEC Chief Accountant Paul Munter at the 2024 AICPA & CIMA Conference on Banks & Savings Institutions: Accounting for cryptoasset safeguarding obligations – a facts-based analysis.

H.R.8464, to require the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the National Credit Union Administration Board to jointly submit a report on trends in the use of blockchain technology to tokenize traditional assets, and for other purposes, was introduced and referred to the House Committee on Financial Services.

The Federal Reserve published paper 'A Field Guide to Monetary Policy Implementation Issues in a New World with CBDC, Stablecoin, and Narrow Banks' , which develops an "analytical framework aimed at shedding light on the implications of the evolution of financial market structure for monetary policy implementation and transmission."

H.R.6572, which directs the Secretary of Commerce to take actions necessary and appropriate to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes, was introduced and referred to the House Committee on Energy and Commerce.

The Federal Reserve Board published paper ‘Examining CBDC and Wholesale Payments’, which explores whether a new settlement asset in the form of central bank money is essential for a new platform that processes wholesale payment transactions.

The Federal Reserve Board published additional information on its program to supervise novel activities in the banks it oversees. Novel activities include complex, technology-driven partnerships with non-banks to provide banking services to customers; and activities that involve cryptoassets and distributed ledger or blockchain technology.

HR 4814, which directs the Consumer Product Safety Commission to establish a pilot program to explore the use of artificial intelligence in support of the mission of the Commission and to direct the Secretary of Commerce and the Federal Trade Commission to study and report on the use of blockchain technology and digital tokens, was introduced and referred to the House Committee on Energy and Commerce.