Coinbase Clearing Wins CFTC Approval for USDC Derivatives Stack
Coinbase Clearing received CFTC approval on September 28 for USDC-native derivatives settlement, completing the firm's vertically integrated stack.
Coinbase Clearing received CFTC approval on September 28 for USDC-native derivatives settlement, completing the firm's vertically integrated stack.
The CLARITY Act failed 49-50, but regulators moved ahead with crypto rules. Without Congressional backing, they can be reversed after the next election.
The Clearing House and seven U.K. banks picked Quant on the same day. U.K. banks went live with customer transactions while the U.S. network targets 2027.
Hester Peirce leaves Oct 2, reducing the SEC to two commissioners. The agency published new crypto guidance the same day she announced her departure.
Ethereum's Glamsterdam fork slipped to October 6 after three delays. The security window was cut from 14 days to seven. A known attack has no fix.
KelpDAO filed a lawsuit claiming LayerZero endorsed a vulnerable setup in 2024. LayerZero says it always recommended the opposite. The hack cost $292M.
Federal Reserve proposed stablecoin rules 68 days late with yield restrictions. Banks face compressed timeline before January 2027 GENIUS Act deadline.
Bitcoin dropped 3% as Treasury yields hit 2007 highs, yet correlation data shows -0.03 over one year. The real mechanism behind selloffs is volatility, not yields.
The Senate killed the Clarity Act on Sept 15. Within 48 hours, SEC and CFTC issued three regulatory frameworks, moving faster than Congress ever did.
Bitcoin's three-month winning streak happened once before in 2012. The sample size is one, the market structure has changed, and the comparison misleads.
The OCC approved three crypto bank charters on Sept 18, 2026. The agency received 40 de novo applications in 18 months, exceeding 2011-2024.
The SEC and CFTC issued crypto-friendly relief on September 17, marking the first time both agencies moved toward regulatory exemptions on the same day.
The CLARITY Act failed 49-50 on September 15, but Bitcoin ETFs pulled $731M in a single day. Institutional capital moved while Congress stalled on regulation.
Bitcoin ETFs shed $450M from Iran fighting Sept 8-10, recovered in one day, then lost another $450M on the Clarity Act vote failure September 15.
The Senate voted 46-43 on the crypto bill September 15, falling 14 short. Republicans incorporated 126 Democratic amendments over 15 months.
OSFI says tokenized deposits are not a new legal product, just bank liabilities under existing rules. Canadian banks get a green light, no on-chain break.