Federal Reserve Vice Chair for Supervision Michael Barr said at the Economics of Payments XII Conference that the Fed is still weighing a US central bank digital currency (CBDC), and is in talks with stakeholders. However, Barr stated that the Fed has made no decision about issuing a CBDC, and would only proceed with support from the executive branch and authorization from Congress.

SEC Commissioner Hester Peirce released a statement on the SEC’s enforcement actions against LBRY, stating that she was “unsettled” by the “hardline” stance the agency took in its lawsuit against LBRY, and noting that she did not supporting bringing the case.

Rep. Brad Sherman (D-CA) tweeted about Binance, Tether, and FTX. He stated that the companies are "not just a few snakes in a Crypto Garden of Eden." Rather, "Crypto is a garden of snakes." Rep. Sherman's tweet comes after Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) called on the Justice Department to investigate Binance and Tether for engagement in illicit activities involving crypto.

In a speech at London’s Royal United Services Institute, US Deputy Treasury Secretary Wally Adeyamo discussed efforts to combat terrorist financing, and warned cryptocurrency firms against allowing their platforms to be used to finance terrorist organizations. Deputy Secretary Adeyamo noted that Treasury is "committed to engaging with financial institutions, digital asset firms, and others on steps they can take to prevent terrorists from being able to move money."

Two House Financial Services subcommittees– the National Security, Illicit Finance, and International Financial Institutions Subcommittee and the Oversight and Investigations Subcommittee– as well as the Senate Banking Committee, held hearings on terrorist financing. The hearings were focused on sanctions and traditional forms of financing more than crypto, but some lawmakers voiced concern about the use of crypto in financing terrorism, including Senate Banking Chair Sherrod Brown (D-OH), Sen. Cynthia Lummis (R-WY), and Rep. Sean Casten (D-IL).

Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) sent a letter to Attorney General Merrick Garland, urging the Justice Department to investigate Binance and Tether’s engagement in illicit activities, such as providing material support and resources to fund terrorism, including financing for Hamas. Lummis and Hill clarify in the letter that, "Crypto assets and distributed ledger technology have the potential to drive responsible innovation in US financial markets, therefore we must be careful not to paint all crypto asset intermediaries as suspect when a small handful of bad actors use them for nefarious purposes."

SEC Chair Gary Gensler spoke at the 2023 Securities Enforcement Forum, focusing on themes of economic realities, accountability, high-impact cases, process, and positions of trust. Chair Gensler also discussed crypto, stating that the vast majority of crypto assets are subject to securities laws, and that the SEC is “not afraid to litigate matters” involving large crypto exchanges.

Lawmakers in both the House and Senate are reportedly looking to include more crypto provisions in the FY 2024 National Defense Authorization Act (NDAA). Sen. Elizabeth Warren (D-MA) said in an interview that she wants to include stronger anti-money laundering regulations in the NDAA to combat crypto terrorist financing. Rep. Andy Barr (R-KY) said he expects House Financial Services Committee Chair Patrick McHenry (R-NC) to use the NDAA to advance a plan to overhaul how the SEC and CFTC police the crypto market.

Binance filed a motion to dismiss the CFTC’s case against the company, criticizing the overreaching jurisdiction of the agency. Separately, Coinbase filed a motion to dismiss the SEC’s case against it, arguing that the agency’s claims that crypto tokens listed on the platform are unregistered securities stretches the definition of investment contracts to a point that is “irreconcilable” with decades of case law.