CFTC Issues Relief Allowing Crypto Trusts to Handle Derivatives Settlements
A CFTC no‑action letter now permits crypto custodians to settle daily US derivatives trades, opening a multi‑billion‑dollar market while banks contest the shift.
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A CFTC no‑action letter now permits crypto custodians to settle daily US derivatives trades, opening a multi‑billion‑dollar market while banks contest the shift.
A consortium of 21 financial institutions, including Goldman Sachs and Citi, pledged roughly $270 million to fund a stablecoin venture slated for launch in early 2027.
Coinbase has been granted a national trust bank charter by the OCC, allowing institutional custody services but prohibiting retail deposits and stablecoin issuance.
The Office of the Comptroller of the Currency issued a non‑binding guidance urging examiners to assess AI risks based on potential damage rather than model complexity.
The new federal framework for payment stablecoins does not exempt exchanges, wallets and remittance firms from FinCEN registration or state money‑transmitter licenses.