The U.S. regulator overseeing derivatives markets took action against three firms, one of which had previously employed a lawyer later appointed to lead its technology research division at the CFTC.
The Centre Consortium, co-operatively overseen by Circle and Coinbase, is currently in the process of being closed down. Consequently, Circle will be taking over the internal management of issuance and governance for the USDC stablecoin.
The recent crypto guidance released by the U.S. central bank maintains continuity with past policies, while furnishing greater insight into the Federal Reserve's anticipations from financial institutions.
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