List of Flash News about CFTC SEC jurisdiction
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2025-12-08 17:30 |
US Bank CEOs to Meet Senators on Crypto Market Structure Legislation: Trading Implications for BTC, ETH
According to @WatcherGuru, top U.S. bank CEOs are set to meet with Senators to discuss crypto market structure legislation, signaling potential progress on jurisdiction, custody, and market access rules relevant to digital assets (source: @WatcherGuru, Dec 8, 2025). Traders should monitor the U.S. Senate Committee on Banking, Housing, and Urban Affairs calendar for official confirmation and agendas to time headline risk and liquidity positioning (source: U.S. Senate Committee on Banking, Housing, and Urban Affairs). Key points to track include the CFTC–SEC jurisdiction split outlined in the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed the U.S. House in 2024 and frames token classification and exchange registration pathways that influence U.S. market access for BTC and ETH (source: U.S. Congress, H.R. 4763 FIT21). Bank participation indicates focus on regulated crypto custody and integration with broker-dealers and payment rails, areas previously guided by OCC interpretive letters that set conditions for banks’ digital-asset activities (source: Office of the Comptroller of the Currency, Interpretive Letters 1170, 1172, 1179). For positioning, set alerts for committee notices and potential post-meeting statements from banks, and watch U.S. trading hours for shifts in crypto exchange liquidity and derivatives basis if policy specifics emerge (source: U.S. Senate Committee on Banking, Housing, and Urban Affairs; major U.S. bank investor relations updates). |