Listed spot cryptocurrency products will begin trading for the first time via U.S. federally regulated markets on futures exchanges registered with the Commodity Futures Trading Commission, says Caroline D. Pham, the acting chairman of the CFTC. The milestone “follows recommendations by the President’s Working Group on Digital Asset Markets and stakeholder insights from the CFTC’s… Read More >>
FCA Hopes ‘Eunice’ Platform Will Aid Crypto Transparency
U.K. regulator, the Financial Conduct Authority (FCA), has added a regulatory technology platform, dubbed Eunice, to its “Regulatory Sandbox” as a way to explore and develop industry-led solutions meant to bring more transparency into England’s crypto markets, officials say. Using Eunice to help build new solutions is intended to “make digital assets safe and more… Read More >>
Should the CFTC Regulate Digital Commodity Trading?
Should the Commodity Futures Trading Commission (CFTC) have the authority to regulate digital commodities? That has been a major question as cryptocurrencies, tokenization, and other digital assets have grown in popularity, and as the Trump team has appointed regulatory heads who are taking a pro-innovation stance on digital assets. Key members of the U.S. Senate… Read More >>
A New Nominee for CFTC Chairman Emerges
The nomination of Michael “Mike” Selig, who is chief counsel of the Crypto Task Force and senior advisor to Paul Atkin, chairman of the Securities and Exchange Commission (SEC), as the next chairman for the U.S. Commodity Futures Trading Commission (CFTC) has apparently been clarified via social media postings by President Trump and others. Over… Read More >>
FSB Warns Against Gaps in Digital Assets Regulation
The Financial Stability Board (FSB) is pushing jurisdictions to make their regulation of cryptocurrencies and other digital assets more consistent with the FSB’s framework and to follow new recommendations aimed at facilitating a cohesive oversight of the global crypto-asset market and preventing regulatory arbitrage. A new peer review progress report from the FSB cites “significant… Read More >>
Regulators Want the U.S. to Rule Crypto Markets
The highly touted “Crypto Week” of July 14-18 — when Congress mulled over major legislation to kick-start the digital asset era for U.S. markets — was just the start of the Trump team’s push to have the United States dominate global crypto markets. Toward the end of last month, “The President’s Working Group on Digital… Read More >>
ECB Reports Progress Toward a Digital Euro
Officials at the European Central Bank (ECB) report that they are making progress in laying the foundation for “the potential issuance of a digital euro.” This comes via a third progress report on the preparation phase of a digital euro, which was launched on Nov. 1, 2023. The digital euro project is a collaborative effort… Read More >>
The SEC Is Leaving a Crypto Limbo
The smoke has cleared, the U.S. Senate confirmation process is over, and the swearing-in ceremony is part of history. There is a new sheriff in town, and SEC Chairman Paul S. Atkins made several things clear on May 19 when he made remarks before the “SEC Speaks” conference. Atkins provided a quick and useful history… Read More >>
Paul Atkins Will Drive a New Era for the SEC
Earlier this month, the U.S. Senate confirmed Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC) by a 52-to-44 vote that enables Atkins to finish the remainder of former SEC Chair Gary Gensler’s term, which expires June 5, 2026. (Atkins was officially sworn in on April 21 and can stay onboard… Read More >>
The OCC Provides Some Crypto Clarity for Banks
The Trump cryptocurrency push got a major regulatory green light earlier this month when the Office of the Comptroller of the Currency (OCC) reaffirmed that “a range of cryptocurrency activities are permissible in the federal banking system.” OCC officials published Interpretive Letter 1183 “to confirm that crypto-asset custody, certain stablecoin activities, and participation in independent… Read More >>
