{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Inside U.S. Regulations","title":"SEC Novel ETF Regulatory Review, California Hermes Bitcoin Kiosk Enforcement & IOSCO AI Supervisory Toolkit — USA Regulatory Updates May 24, 2026","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/ed53f74b\"></iframe>","width":"100%","height":180,"duration":257,"description":"This week's USA Regulatory Updates covers ten developments across securities regulation, digital asset enforcement, FDA drug shortages, energy grid stability, medical device safety, and consumer protection.\r\n\r\nThe SEC is seeking public input on regulatory responses to novel exchange-traded funds including event contract ETFs — with some fund sponsors delaying effectiveness while the SEC evaluates risks. IOSCO concluded its 2026 Annual Meeting approving five reports including an AI supervisory toolkit and market liquidity report, welcoming a new signatory to its Multilateral MoU framework.\r\n\r\nIn California, the Department of Financial Protection and Innovation ordered Anh Management LLC operating as Hermes Bitcoin to cease all digital financial asset kiosk operations by May 20, 2026 — citing excessive fees, transaction limit breaches, inadequate disclosures, and failure to maintain an AML program. Cash transaction limits are capped at $1,000 per day and fees at $5 or 15 percent. Separately, the department waived mortgage insurance requirements for state-chartered credit unions on loans exceeding 80 percent of appraised value.\r\n\r\nThe FDA continues updating its drug shortages database under Section 506C — manufacturers must notify six months in advance of permanent discontinuances. The Department of Energy issued an emergency order directing the Campbell coal-fired power plant to remain operational through August 16, 2026 for Midwest grid stability.\r\n\r\nBolton Medical issued a voluntary field safety notice for the RelayPro Thoracic Stent Graft System due to device release failures including fatal outcomes. Kettle Cuisine recalled Whole Foods Market Kitchen Minestrone Soup for undeclared shrimp allergens. The CDC confirmed additional hantavirus cases from the M/V Hondius cruise ship with quarantine orders through May 31, 2026.\r\n\r\nA California court affirmed civil money penalty remedies entitle appellants to a jury trial — a significant precedent for financial...","thumbnail_url":"https://img.transistorcdn.com/Awx10XbYhgLkeEbOlMycmsGKMrGLlBsOrbrzhvNG_xM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83YmI2/MGU0ZTk1Zjk5NmVh/YzM3ZTg0NjkyMmVk/ZjI1Ni5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}