Headlines

CFTC Moves to Drop Gemini Restrictions in Case It Says Shouldn’t Exist

Key Takeaways The CFTC said the Gemini enforcement case would not meet current filing standards. The agency cited disputed evidence, whistleblower credibility concerns, and litigation conduct issues during review. Federal agencies are increasingly coordinating crypto oversight while revising enforcement standards and cooperation policies. CFTC Review of Gemini Case Reshapes Crypto Enforcement The Commodity Futures Trading…

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UniCredit warns of EU crypto bank crisis

UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin issuers closer to banks but EU deposit insurance is capped at €100,000. Carletti cited Circle’s…

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BIS Tests Tokenized Bank Payments With Visa, JPMorgan, UBS and Deutsche Bank

Key Takeaways BIS Project Agorá will test real-money blockchain payments with JPMorgan and UBS. ECB, Fed, and BIS aim to cut cross-border payment delays using tokenized ledgers. Project Agorá keeps sanctions and AML checks inside existing banking rails. Project Agorá Links Central Banks on Unified Payment Ledger The Bank for International Settlements is preparing to…

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