The U.S. Securities and Exchange Commission (SEC) has issued a concept release seeking public comment on the definition and eligibility criteria of "Foreign Private Issuers." This initiative aims to clarify and potentially revise the regulatory framework governing foreign companies listed in U.S. markets. Multiple law firms, including Mayer Brown, Cooley LLP, Carlton Fields, Hogan Lovells, and Woodruff Sawyer, have provided analyses and commentary on the SEC's request. Additionally, the SEC has clarified that certain protocol staking activities related to cryptocurrencies do not constitute securities transactions, as noted by Skadden Arps. Separately, the Department of Labor (DOL) has rescinded its 2022 guidance concerning cryptocurrency investments in 401(k) plans, signaling a shift in regulatory stance on digital asset inclusion in retirement accounts.