SEC and CFTC Fill CLARITY Act Void: Coinbase Clearing Approved, Token Buyback Rules Refined
- —CFTC registered Coinbase Clearing as a DCO for futures, options and swaps on Sept. 28
- —Coinbase now holds all three key CFTC registrations: FCM, DCM and DCO
- —The new clearinghouse is USDC-native with 24/7 settlement, but limited to fully collateralized products
- —SEC added a 'no central party' condition to its token buyback FAQ guidance
Why it matters: Regulators are effectively legislating: market rules will emerge through approvals and interpretations rather than a comprehensive bill.
Source: Blockmedia