CFTC Staff Reissues Letter 25-40 Updating Payment Stablecoin Definition
Why this matters
This regulatory update from the CFTC is relevant to firms involved in the payment stablecoin ecosystem, including banks, fintechs, and payment providers. It updates the definition of 'payment stablecoin' to include those issued by national trust banks, which is an important development in the regulation of this emerging asset class.
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What the CFTC said
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Published by CFTC . Read the full notice at the source for the authoritative text.
Context
Commodity Futures Trading Commission (CFTC) — Regulates US derivatives markets. We track 200 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Authorisation & Licensing, Technology & Cyber, Payments & E-Money and Crypto & Digital Assets.