Today in crypto, Bastion received a conditional US trust bank charter from the OCC, Coinbase filed with the CFTC to bring single-stock perpetual futures to US traders and Binance brushed off a report that ECB President Christine Lagarde intervened in its failed Greek crypto license bid.
Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter.
The charter adds federal supervision from the OCC to the state licenses Bastion already holds, according to a news release on Friday. Still, the proposed bank could not accept deposits or make loans, separating it from a conventional commercial bank.
Licensed as Bastion Platforms National Trust Company, it will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity.
“Stablecoins have moved from emerging technology into core financial infrastructure, and that requires a different standard of trust, governance and regulatory rigor,” said Nassim Eddequiouaq, CEO of Bastion.
Coinbase has filed with the Commodity Futures Trading Commission to list single-stock perpetual futures in the United States, seeking to bring a derivatives product widely used in crypto markets to individual US equities.
The filing, submitted Friday through Coinbase Derivatives, seeks regulatory approval for contracts that would give US traders 24/5 exposure to individual stocks without owning the underlying shares. Perpetual futures differ from traditional futures contracts in that they do not expire.
Coinbase said the products would build on its existing US perpetual futures market, bringing the structure to individual stocks for US traders. The proposed contracts are classified by the CFTC as single-stock futures and remain pending regulatory approval.
The CFTC filing follows an earlier regulatory step by Coinbase Derivatives, which filed a Form 1-N with the Securities and Exchange Commission on Sept. 1 to register as a national securities exchange for the purpose of offering security futures.
Binance declined to address a report that European Central Bank President Christine Lagarde intervened in its failed Greek crypto license bid and said it continues seeking authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The Wall Street Journal reported Friday that a vice chair of Greece’s Hellenic Capital Market Commission (HCMC) told Binance that Lagarde had asked Greek Prime Minister Kyriakos Mitsotakis not to approve its application.
Greek officials informed the European Securities and Markets Authority in early June that the regulator intended to approve the license, according to the report.
“We will not comment on speculation,” a Binance spokesperson told Cointelegraph. “In Europe, Binance remains committed to operating on a long-term, compliant basis under the EU’s Markets in Crypto-Assets Regulation.”
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Extracted and lightly reformatted for readability. · Source: pt