The SEC’s Trading & Markets Director Jamie Selway signaled closer coordination with the CFTC on digital-asset market structure, including tokenized securities, perpetual futures, and extended-hours trading. The agencies are reviewing overlapping rulebooks and product definitions as CME and Nasdaq roll out new crypto-linked derivatives, and as 23x5 trading becomes standard across asset classes. A clearer split of jurisdiction and harmonized rules could pull more innovation onshore—while regulators keep a hard line on retail leverage and investor protection.
Source: FinanceFeeds
CFTC scraps 30-year “no-deny” settlement policy, reshaping enforcement across derivatives
The CFTC voted to rescind its decades-old rule barring settling parties from publicly disputing allegations—aligning enforcement terms with other federal agencies and potentially accelerating case resolutions. The shift could change negotiation dynamics for firms in derivatives and digital assets, where reputational risk from settlements loomed even without admissions of liability. Existing “no-deny” clauses won’t be enforced, while the Commission retains discretion to seek admissions in serious cases.
Source: FinanceFeeds
Europe’s MiCAR deadline triggers exchange shakeout as July 1 authorization cut-off looms
ESMA warned that crypto firms serving EEA clients without authorization after July 1 will be in breach of EU law, accelerating consolidation toward licensed platforms. MiCAR’s single-passport regime turns licensing into a competitive advantage as global exchanges race to secure approvals across key EU markets. Expect winners with compliant custody, disclosures and resilience—and a retreat by offshore operators unable to absorb the higher compliance bar.
Source: FinanceFeeds
Visa tests privacy-enabled stablecoin settlement with Brale on Canton Network
Visa and Brale launched a proof-of-concept to evaluate SBC, a USD-backed stablecoin, for institutional settlement on the privacy-focused Canton Network. The pilot targets programmable payments with restricted data visibility—an institutional must-have—and expands Visa’s multi-chain stablecoin testing now spanning nine blockchains. If successful, stablecoins could move deeper into back-end settlement for banks, processors and treasurers, beyond crypto trading use cases.
Source: FinanceFeeds
LSEG launches Identity Gateway to unify fragmented EU digital identity rails
London Stock Exchange Group unveiled Identity Gateway, a single API and commercial layer to connect firms to trusted national and private digital ID schemes across Europe. With EU Digital Identity Wallets rolling out by end-2026, onboarding is set to become more regulated—and more fragmented—by country; LSEG says Gateway can cut integration time by up to 80–90%. For banks, brokers, fintechs, and marketplaces, identity is shifting from a one-off check to live infrastructure spanning KYC, fraud, payments, and cross-border growth.
Source: FinanceFeeds
Fannie Mae-backed crypto-collateral mortgages move from pilot to rollout
Better Home & Finance and Coinbase funded the first Fannie Mae-conforming mortgage using bitcoin as pledged collateral for the down payment, with nationwide availability targeted this summer. The dual-loan structure keeps borrowers’ crypto exposure intact, features no margin calls, and matches standard agency mortgage terms—bridging on-chain wealth with conventional housing finance. Early demand is strong, with a quarter-billion-dollar waitlist and most prospects aiming to buy within six months.
Source: FinanceFeeds
JPMorgan warns CLARITY Act’s window is narrowing ahead of midterms
JPMorgan analysts cautioned that the legislative calendar may squeeze chances to pass the bipartisan CLARITY Act, which would allocate crypto oversight between the SEC and CFTC and set a long-sought market structure. Delay risks extending the enforcement-first status quo into 2027, nudging compliant projects toward friendlier jurisdictions like the EU under MiCAR. The warning follows public friction between Sen. Lummis—who still targets a pre-August vote—and banking leaders over stablecoin and AML provisions.
Source: FinanceFeeds
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