Regulation roundup: court upholds Gemini penalty, OCC flags bank debanking, EBA deems USDC significant
- —New York's Southern District court on October 15 upheld the CFTC-Gemini settlement and the $5 million fine
- —OCC reviewed 50,000 documents and 100,000 complaints; nine banks curbed crypto firms' access since 2020
- —EBA named USDC the first significant e-money token under MiCA; dual supervision begins November 12
- —Illinois: hearings on the 0.2% crypto transaction tax proposed for February, collection deferred to July 2027
Why it matters: A signal that a regulator's changed stance does not undo court rulings, while bank and stablecoin oversight tightens.
Source: CoinSpot