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U.S. Derivatives Watchdog Weighs 24/7 Action With Crypto Oversight on Horizon

The Commodity Futures Trading Commission has opened a public-comment period for around-the-clock derivatives activity, as seen in the digital assets space.

Apr 21, 2025, 11:43 p.m.
Caroline Pham, acting chairman of the Commodity Futures Trading Commission, says industry innovation is pushing toward continuous trading. (Jesse Hamilton/CoinDesk)

What to know:

  • The Commodity Futures Trading Commission, which is likely to take on crypto trading oversight at some point, is asking its constituents to share their feelings about 24/7 transactions.
  • The request for comments doesn't explicitly discuss crypto activity.

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Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters

Goldman sees only two Fed rate cuts in 2025, BOfA sees extended Fed pause. (JamesQube/Pixabay)

Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.

What to know:

  • Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
  • Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
  • Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.