In this latest issue of Wilson Sonsini's Focus on Fintech newsletter, we discuss the FTX bankruptcy and the increased federal regulatory scrutiny of crypto assets, and new rules and innovations in the payments industry—focusing on the Regulation II final rule, the experimental development of a regulated liability network, CBDC interoperability, and sanctions compliance for instant payments. We examine consumer protection developments from the U.S. Treasury, CFPB, and FTC, as well as the California DFPI. We also discuss regulatory updates, including new UK regulation of crypto assets and agency-specific updates from the SEC and the OCC. Finally, we wrap up this edition with a discussion of the White House’s Blueprint for an AI Bill of Rights, as well as an overview of some recent decisions, settlements, enforcement actions, complaints, laws, and guidance from various federal and state regulators.