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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

WHY NODE.JS NEEDS A VIRTUAL FILE SYSTEM

Node.js has long struggled with the inability to virtualize its file system. The new `node:vfs` module addresses this by providing a core Virtual File System that hooks directly into both the `fs` API and Node.js's module resolver. This VFS allows applications to access in-memory or embedded assets, allowing for better isolated test environments, secure multi-tenant file access, and efficient handling of dynamically generated code.

SEC AND CFTC FORMALIZE JOINT CRYPTO OVERSIGHT FRAMEWORK

The SEC and CFTC formalized a memorandum of understanding to harmonize digital asset oversight, committing to joint meetings, data sharing, and coordinated responses to firms seeking regulatory interpretations, with SEC Chair Paul Atkins framing the arrangement as a unified framework for industry engagement. The MOU targets product definitions, clearing and margin requirements, trade data reporting, and intermediary oversight, marking a substantive departure from the agencies' historical jurisdictional conflicts. Progress on the Senate market structure bill faces near-term headwinds, with Majority Leader Thune signaling that competing priorities and a two-week Easter recess could push floor consideration into April.

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