Cryptopolitan· Hannah Collymore·· 11 hours agoSelectedAI score84
CFTC no-action letter allows derivatives clearing organizations to use trust companies for daily trade settlement
CFTC lets trust companies settle derivatives trades as banks sue to stop crypto charters
AI brief
AI-assisted source summary · not independently verified. Content standards
CFTC’s Clearing and Risk Department issued Staff Letter 26-30, stating that, provided they comply with Regulation 39.14(c) and (d), it would not recommend enforcement action against derivatives clearing organizations that use trust companies to process daily settlements.
Why it matters
The no-action letter connects federal trust charters with derivatives clearing rules, showing how the boundary between banking and regulation is changing as crypto trust companies enter the settlement process.
Source:Cryptopolitan · cryptopolitan.com