CFTC Updates Stablecoin Regulations to Include National Trust Banks

The CFTC has updated its guidelines on stablecoins, now recognizing national trust banks under its GENIUS framework.

The Commodity Futures Trading Commission (CFTC) has made significant updates to its regulations concerning stablecoins. The latest revision involves an amendment of an earlier staff letter to include criteria that recognize national trust banks within the GENIUS stablecoin framework.

This adjustment signifies a broader acceptance of payment stablecoins and reflects the evolving landscape of digital currencies in the regulatory environment. By incorporating national trust banks into its criteria, the CFTC aims to enhance the stability and reliability of these financial instruments.