House Financial Services Committee Vice Chair French Hill (R-AR) told Politico he is concerned about getting the Committee’s crypto bills to the floor before the end of the year due to other scheduling problems in the House. Rep. Hill's statements come as the House is still without a Speaker, and government funding is set to run out on November 17.

Sens. Elizabeth Warren (D-MA) and Roger Marshall (R-KS) published an opinion piece in the Wall Street Journal focused on Hamas’ use of cryptocurrency to finance terrorist activities. The lawmakers open by condemning Hamas' attacks on Israel, and highlighting that investigations have found that Hamas uses cryptocurrency to bankroll its terrorist operations.

Binance.US updated its terms of service, no longer allowing users to make direct USD withdrawals. The terms of service now state that, "In the event you wish to withdraw U.S. dollar funds from your Account, you may convert such U.S. dollar funds to stablecoin or other digital assets, which can subsequently be withdrawn."

New York Attorney General Letitia James filed a lawsuit against Gemini Trust Company, Genesis Global Capital, LLC, and Digital Currency Group, Inc. (DCG) for defrauding more than 230,000 investors of over $1 billion. AG James stated, "Hardworking New Yorkers and investors around the country lost more than a billion dollars because they were fed blatant lies that their money would be safe and grow if they invested it in Gemini Earn. Instead, Gemini hid the risks of investing with Genesis and Genesis lied to the public about its losses. This fraud is yet another example of bad actors causing harm throughout the under-regulated cryptocurrency industry."

Federal Reserve Board Governor Michelle W. Bowman discussed digital assets, stablecoins, and CBDCs at a roundtable hosted by Harvard Law School. She expressed concern with CBDCs, stating, “the potential benefits of a US CBDC remain unclear, and the introduction of a US CBDC could pose significant risks and tradeoffs for the financial system.”

The Treasury Department and IRS are considering whether to extend the comment period for their proposed regulations on tax reporting requirements for digital asset sales, following mounting requests for more time from industry groups and other stakeholders.

The FDIC Office of Inspector General released a report calling on the FDIC to sharpen its understanding of potential crypto asset risks for banks, and tighten how it reviews banks’ plans to engage in crypto-related activities. The OIG argues that the FDIC has not done enough to address the risks posed by crypto assets, stating that "the FDIC has not yet completed a risk assessment to determine whether the Agency can sufficiently address crypto-asset related risks through actions such as issuing guidance to supervised institutions."

SEC Chair Gary Gensler said in an interview with Bloomberg Television that the agency is still reviewing proposals for spot BTC exchange-traded funds (ETFs). The line of questioning surrounding ETFs and the SEC's decision not to appeal a court decision related to Grayscale's application begins at the 4:30 mark.

The Treasury Department announced sanctions on ten Hamas terrorist group figures, as well as a Gaza-based virtual currency exchange and its operator. The virtual currency exchange, Buy Cash Money and Money Transfer Company (Buy Cash) is known to be involved in Hamas fundraising as well as fund transfers by affiliates in other terrorist groups.