Can Crypto Trust Firms Compete with Banks in US Derivatives Settlements?
Key Highlights: The CFTC issued a staff no-action letter allowing derivatives clearinghouses to use state and national trust companies for daily settlements, bridging a gap between federal commodities law and CFTC regulations. Major cryptocurrency firms, including Coinbase, BitGo, Ripple, Circle, and Crypto.com, are rapidly expanding institutional settlement, custody, and trading capabilities under federally regulated trust ...