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SIFMA C&L 2025 Recap: The future of US state regulation

Austin Skyline from Bridge
Photo: Getty Images/Peter Tsai Photography

Federal financial markets regulation is being relaxed. Will the states take up the slack?

There is no question that we are entering an era of financial deregulation at the federal level.

Rules are being paused or repealed, agencies are facing budget cuts, and staff turnovers are reducing both capacity and expertise. Fewer sweeps and reduced fines are expected across the board. Key regulatory areas