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The Consumer Financial Protection Bureau (CFPB) has issued a final rule to identify larger participants in the market for digital consumer payment apps, like digital wallets and payment apps used for personal payments. A nonbank must manage at least 50 million transactions annually and not be a small business to qualify as a larger participant and fall under CFPB supervision. This new rule, effective January 9, 2025, will not add new consumer protection obligations but will help the CFPB monitor compliance with federal consumer financial laws and assess risks to consumers. The rule follows a public comment phase and consultation with other federal agencies.

The Department of Agriculture has finalized a rule superseding the interim rule to establish the Domestic Hemp Production Program, as required by the 2018 Farm Bill. This rule outlines regulations for State and Tribal plans and a Federal plan for hemp production where State or Tribal plans are not USDA-approved. The program details requirements for record-keeping, THC level testing, disposal of non-compliant plants, producer licensing, and overall compliance. The rule also specifies procedures for land use data collection and cooperation with law enforcement and other agricultural agencies.

The National Park Service (NPS) has revised the rules for right-of-way (ROW) permits, which allow the use of lands and waters they manage for infrastructure like power lines and cell towers. These updates make the NPS's process more similar to other Department of the Interior bureaus, introduce pre-application meetings, and require standardized application forms. The new rules also broaden the ways to determine fair market value and highlight the need for construction permitting, address advances in technology, and align with recent laws. These changes aim to protect park resources while making the process clearer for applicants.

The U.S. Environmental Protection Agency (EPA) has made changes to rules about aerosol sprays to reduce pollution that contributes to smog. These new amendments focus on using less reactive compounds in aerosol products, and they update testing methods, reporting requirements, and compliance dates for the industry. Companies that make or sell these aerosol products, especially those not operating in California, need to comply by mid-2025, but they can start using the new standards earlier if they choose. The EPA believes these changes won't harm the environment and will help align national and state regulations.

The Securities and Exchange Commission announced that NYSE Arca, Inc. has proposed a new rule to list and trade shares of the Bitwise Dogecoin ETF. The ETF aims to provide exposure to Dogecoin by holding it as its sole asset, and it will not use derivatives that could introduce additional risks. The trust's Net Asset Value (NAV) is determined daily based on a benchmark price of Dogecoin. The proposal outlines the ETF's compliance with financial regulations and seeks public comment before the SEC makes a decision on approval.

The Department of State is updating the International Traffic in Arms Regulations by revising the U.S. Munitions List (USML) to include or remove items and clarify certain entries. These changes aim to better control defense articles and services, ensuring they continue to provide a critical military or intelligence advantage. While the new rules are set to take effect on September 15, 2025, the department is also seeking public comments by March 18, 2025, to further refine the regulations.

The Department of Defense, General Services Administration, and NASA are proposing changes to the Federal Acquisition Regulation to implement the National Archives and Records Administration's Controlled Unclassified Information (CUI) program. This proposed rule aims to standardize how CUI is handled by contractors and federal agencies. It includes the creation of a new standard form called SF XXX, which outlines the requirements for managing CUI in contracts, ensuring information is protected from unauthorized access. The proposal highlights the benefits of uniform cybersecurity measures and the expected costs of compliance for government and contractors, with a focus on protecting sensitive information.

The Federal Communications Commission (FCC) has implemented the 5G Fund for Rural America, aimed at expanding 5G mobile wireless broadband in rural areas. This plan builds on improved data from the National Broadband Map to identify areas lacking high-speed mobile service, ensuring that efforts are targeted to the most underserved regions. The 5G Fund Phase I budget has been increased to $9 billion, with adjustments for Tribal lands, and includes timelines for transitioning away from legacy support systems to this more modern structure. Furthermore, recipients of this fund will need to implement cybersecurity and supply chain risk management plans, and there are incentives for integrating Open Radio Access Network (Open RAN) technologies into the supported networks.

The Environmental Protection Agency (EPA) is proposing to approve revisions to Maine's State Implementation Plan (SIP) addressing the 2015 ozone National Ambient Air Quality Standards (NAAQS) under the Clean Air Act. This proposal includes implementing infrastructure requirements, converting past conditional approvals to full approvals, and confirming Maine's determination that no sites in the state are subject to certain oil and gas industry control guidelines. Public comments on this proposal are invited before a decision is made.

NYSE Arca filed a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This ETF, managed by Bitwise Investment Advisers, aims to provide exposure to bitcoin and ether based on their market capitalizations. The SEC will review this proposal within either 45 or 90 days to ensure compliance and fraud prevention. If the ETF is approved, it will trade under specific rules for monitoring, valuation, and trading halts on the NYSE Arca Exchange.