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The Financial Conduct Authority (FCA) has issued a warning note to FTX, a Bahama-based crypto exchange on 16 September, alleging it for offering financial services or products in the UK without obtaining its prior approval, which is required by the new regulation for cryptocurrency enacted in 2020 in order to ensure those companies meet the minimum standards of preventing money laundering and terrorist financing. The regulator alerts potential customers to the danger of financial loss or losing the right to seek protection from the Financial Services Compensation Scheme. Apart from this warning, the firm also received a cease and desist letter from the Federal Deposit Insurance Corporation (FDIC) on 19 August, accusing it of misleading the public about certain cryptocurrency-related products.

The White House has published a factsheet on six principal directions for crypto regulation on 16 September, summarizing nine separate reports submitted to the president to “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.” The fact sheet contains 7 sections: (1) Protecting Consumers, Investors, and Businesses; (2) Promoting Access to Safe, Affordable Financial Services; (3) Fostering Financial Stability; (4) Advancing Responsible Innovation; (5) Reinforcing Global Financial Leadership and Competitiveness; (6) Fighting Illicit Finance and (7) Exploring a U.S. Central Bank Digital Currency (CBDC). It reveals the White House‘s plan to call upon Congress to amend the Bank Secrecy Act, anti-tip-off statutes and laws against unlicensed money transmitting to apply explicitly to digital asset service providers, including exchanges and non-fungible token platforms. Another important message from the White House is that the policy objectives for a U.S. CBDC system have already been developed, but further research and development on the technology that would support the system is needed.