CFTC Revises Rules to Let National Trust Bank Issue Stablecoins
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- CFTC reissues Staff Letter 25-40, revising to the definition of “payment stablecoin.”.
- Updated guidance clarifies national trust banks can issue qualifying payment stablecoins.
- Futures merchants can accept eligible stablecoins as margin collateral under conditions.
The Commodity Futures Trading Commission (CFTC) has updated its guidance on digital assets accepted as margin collateral, expanding the definition of “payment stablecoin” to include stablecoins issued by national trust banks.
Reacting to the same, CFTC Chairman Selig wrote, “With the enactment of the GENIUS Act and the CFTC’s new eligible collateral framework, America is the global leader in stablecoin innovation.”
Updated Definition of Payment Stablecoins
In a revised version of CFTC Staff Letter 25-40, the agency clarified that national trust banks can be considered permitted issuers of…
Read The Full Article CFTC Revises Rules to Let National Trust Bank Issue Stablecoins On Coin Edition.
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CFTC Revises Rules to Let National Trust Bank Issue Stablecoins
Share:
- CFTC reissues Staff Letter 25-40, revising to the definition of “payment stablecoin.”.
- Updated guidance clarifies national trust banks can issue qualifying payment stablecoins.
- Futures merchants can accept eligible stablecoins as margin collateral under conditions.
The Commodity Futures Trading Commission (CFTC) has updated its guidance on digital assets accepted as margin collateral, expanding the definition of “payment stablecoin” to include stablecoins issued by national trust banks.
Reacting to the same, CFTC Chairman Selig wrote, “With the enactment of the GENIUS Act and the CFTC’s new eligible collateral framework, America is the global leader in stablecoin innovation.”
Updated Definition of Payment Stablecoins
In a revised version of CFTC Staff Letter 25-40, the agency clarified that national trust banks can be considered permitted issuers of…
Read The Full Article CFTC Revises Rules to Let National Trust Bank Issue Stablecoins On Coin Edition.
Read More
White House To Schedule Stablecoin Talks on Tuesday Including Bank Representatives