
CFTC opens consultation on retail crypto trading and a federal venue framework
The agency is seeking comments on crypto transaction rules and a specialised exchange registration path. Final requirements remain ahead.

The agency is seeking comments on crypto transaction rules and a specialised exchange registration path. Final requirements remain ahead.

A vault is not a legal category. It is a control model. Peirce's statement on crypto vaults and lending strategies warns that onchain yield activity can still fall inside federal securities law when someone performs essential choices.

The IMF separates total stablecoin volume from payment-related flows and compares payment benefits with currency substitution, capital-flow, reserve, and policy risks. A cheaper remittance still imports the issuer, the freeze rule, and the foreign reserve.

The SEC's March 2026 interpretation groups tokens into categories. It does not declare a ticker safe. The legal question still sits in the promise, the manager, and the wrapper around the asset.