Super Bowl ads' impact, another overdraft-fees ouster, and more in banking news this week.

Eun Young Choi, a senior counsel for cybersecurity at the department, will be in charge of the federal effort to chase thieves and fraudsters involved with digital assets.

Coinbase Global, Gemini Trust and Robinhood Markets are among firms helping to build a platform to comply with a U.S. money laundering rule as crypto and financial technology companies seek to satisfy existing requirements and head off stricter oversight.

Global financial regulators said digital assets could soon threaten global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system.

The spots "left out a few things," Sen. Sherrod Brown, Democrat of Ohio, said at a hearing Tuesday.

Coinbase Global Inc., the biggest U.S. cryptocurrency exchange, is wading into the international money-transfer business, seeking to tap into a huge market dominated by firms like Western Union Co.

Republicans urged federal authorities to take a light-touch approach to regulating stablecoins during a Senate Banking Committee hearing, while Democrats intensified demands for strong consumer protection.

Mastercard said it will hire more than 500 young professionals this year as it expands its data and services unit, an effort that will include launching consulting practices focused on cryptocurrencies and open banking.

The crypto lender, which didn’t admit or deny wrongdoing, had been accused of illegally offering a product that pays customers high interest rates to lend out their digital tokens. The company sold the accounts to U.S. investors without registering them as securities, the Securities and Exchange Commission had said.

“Ancillary parties who cannot get access to information that is useful to the IRS are not intended to be captured by the reporting requirements for brokers,” Treasury Department Assistant Secretary for Legislative Affairs Jonathan Davidson told lawmakers.