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The Securities and Exchange Commission (SEC) received a proposed rule change from the Cboe EDGX Exchange, Inc., which the Exchange has already deemed non-controversial. The proposal aims to allow listing options on the iShares Ethereum Trust, enabling investors to trade these options in a more regulated environment compared to over-the-counter exchanges. The proposal outlines how these options will be managed and supervised, ensuring that they adhere to existing trading rules and limits. Overall, this move is seen as beneficial for investors, providing more opportunities to trade Ethereum-related options while ensuring market transparency and oversight.

BOX Exchange LLC has proposed a rule change to amend several of its rules to enable the listing and trading of options on the iShares Ethereum Trust. This proposal includes modifications to listing criteria, position limits, and the mechanism for how these options will be traded. The exchange believes options on this trust provide investors with a more accessible and cost-effective way to invest in Ethereum, which is a popular cryptocurrency. The proposed rule changes are designed to prevent market manipulation while enhancing transparency and efficiency in trading these options.

The Federal Energy Regulatory Commission (FERC) has issued a final rule to update its regulations by incorporating the latest standards (Version 004) for business practices and communication protocols for public utilities. These standards, developed by the North American Energy Standards Board (NAESB), aim to enhance consistency in utility operations and bolster cybersecurity. FERC requires utilities to make compliance filings by June 27, 2025, and to implement cybersecurity standards by February 27, 2026, with the remaining standards by August 27, 2026. The rule ensures public utilities adhere to updated practices that support reliable and secure energy systems.

The U.S. Department of Labor has issued a new final rule to clarify the differences between employees and independent contractors under the Fair Labor Standards Act (FLSA). This rule is intended to make these distinctions clearer by providing guidance based on economic realities, which consider factors like a worker’s control over their work and the potential for profit or loss. Two main factors, related to control and profit potential, are seen as more significant in determining a worker's status. The rule aims to increase predictability for both workers and businesses across all industries.

The final regulations from the Internal Revenue Service under the Treasury Department focus on implementing credits for producing clean hydrogen as part of the 2022 Inflation Reduction Act. These regulations cover how to assess greenhouse gas emissions, verify clean hydrogen production, and apply energy credits for hydrogen production facilities. They impact all taxpayers who either produce qualified clean hydrogen or use renewable energy sources to make it, aiming to encourage cleaner hydrogen production processes. The rules are effective from January 10, 2025.

The Internal Revenue Service (IRS) and the Treasury Department have proposed new regulations focused on managing the previously taxed earnings and profits (PTEP) of foreign corporations. These rules aim to prevent double taxation by excluding certain earnings from being taxed again and explaining how shareholders should adjust the basis of their stock in these corporations. The proposed changes impact foreign corporations with PTEP and provide guidance on various tax code sections, ensuring there is no repetitive taxation on distributed earnings. Public comments on these proposed regulations are invited until March 3, 2025.

The U.S. Fish and Wildlife Service has finalized a rule specifying the scope of the Migratory Bird Treaty Act (MBTA). The rule clarifies that the MBTA's prohibitions on actions like pursuing, hunting, capturing, or killing migratory birds apply only to deliberate actions directed at these birds, their nests, or their eggs. It explains that the incidental harm or death of birds resulting from activities not aimed at them is not covered under this law. This decision aims to provide legal clarity and reduce regulatory uncertainty for industries and individuals.

The U.S. Environmental Protection Agency (EPA) is proposing changes to the regulations for emissions standards from Refractory Products Manufacturing under the Clean Air Act. The proposed revisions include adding new emission standards for certain hazardous air pollutants (HAPs) and updating standards to address the startup, shutdown, and malfunction of equipment. The proposal also suggests amending electronic reporting requirements to improve the tracking of emissions data. These amendments aim to enhance environmental protection by ensuring that emissions standards are met at all times and by enabling better monitoring and compliance.

The National Highway Traffic Safety Administration (NHTSA) issued a final rule amending the Federal Motor Vehicle Safety Standard No. 208 to enhance seat belt warning systems. The rule requires new warnings for rear seats and updates existing ones for the driver and front passenger seats in vehicles weighing 10,000 pounds or less. It mandates that these warnings be visible and audible to encourage seat belt use, aiming to address safety concerns and reduce injuries and fatalities. These changes must be implemented by September 1, 2027, for rear seat warnings and by September 1, 2026, for front seat warnings, with manufacturers given two years to comply.

The Securities and Exchange Commission (SEC) has implemented new rules for certain broker-dealers to enhance customer protection. These amendments mandate that broker-dealers with more than $500 million in average total credits must compute and deposit reserve requirements daily, rather than weekly, for funds that belong to customers and other broker-dealers. This change aims to better safeguard customer funds and reduce the risk of financial shortfalls if a broker-dealer were to fail. Additionally, broker-dealers performing daily computations are allowed to reduce their aggregate debit items by 2%, instead of the previous 3%, in their reserve calculations.