SEC proposes conditional crypto custody paths for advisers and state trust companies
Quarterly eligibility checks and custody controls would govern advisers holding client assets; the proposal still faces public comment.
Markets stories
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Base activates Cobalt with conditional transactions and new token controls
The mainnet upgrade adds state-dependent transaction eligibility and B20 issuer functions, while dynamic node upgrades remain in metrics-only mode.
CFTC announces $31.48 million Fundsz judgment against two promoters
The September 15 default judgment imposes shared restitution and penalties; Wednesday’s announcement also details separate consent orders.
Stand With Crypto adds its first Senate endorsements after Clarity setback
The group backs Husted, Hinson and Pappas while expanding its House campaign.
FCA opens crypto authorisation window ahead of October 2027 regime
UK crypto businesses have until February 28 to apply; existing money laundering registrations will not automatically convert.
Comer seeks trading records from Hyperliquid, Crypto.com and PredictIt
Three new letters seek identity checks, employee trading safeguards and suspicious-trade referrals by October 13.
CFTC staff said some crypto perpetuals can trade as foreign futures
CFTC staff addresses foreign-futures treatment and a conditional no-action position involving customer crypto collateral and a foreign broker affiliate. A U.S. listing changes the venue. It does not turn a perpetual into spot. The contract still has no expiry and still pays funding.
SEC staff: a token that tracks a stock may not be the stock
SEC staff distinguishes issuer-sponsored, custodial, linked, and synthetic tokenization models and explains how holder rights can differ. Rights follow the legal instrument and the ownership file, not the logo the token happens to track.
Treasury proposed GENIUS Act compliance rules
Treasury's April 2026 notice outlines proposed AML and sanctions-program duties for permitted payment stablecoin issuers. A permitted-issuer label is not uninterrupted redemption. The operating questions are who screens, who freezes, what the reserves actually are, and how cash-out works when it is tested.