Clearing and Settlement

The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval.

By Will Canny

Mar 13, 2024 at 10:56 a.m. UTC

Mar 13, 2024

Clearing and SettlementFundraisingseed funding

Prometheum founder and co-CEO Aaron Kaplan went on CoinDesk TV to discuss is Financial Industry Regulatory Authority (FINRA) broker-dealer license approval. (CoinDesk)

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Regulations

Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto

The U.S. platform, which drew industry barbs for insisting crypto can comply with SEC rules, is now approved for clearing, though it won't begin for a few months at least.

By Jesse Hamilton

Dec 21, 2023 at 2:51 p.m. UTC

Dec 21, 2023

RegulationsSecurities and Exchange CommissionPrometheumFinancial Industry Regulatory Authoritybroker-dealerClearing and SettlementExclusive top news

The U.S. Commodity Futures Trading Commission introduced a rule on how firms should invest customer assets, but one commissioner argued it doesn't address crypto platform LedgerX. (Jesse Hamilton/CoinDesk)

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Regulations

Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

The U.S. derivatives regulator proposed a new rule for how regulated firms should invest clients' funds, but a CFTC commissioner pointed out it doesn't address LedgerX.

By Jesse Hamilton

Nov 3, 2023 at 6:03 p.m. UTC

Nov 3, 2023

RegulationsCommodity Futures Trading CommissionLedgerXFTXMIHRulemakingClearing and Settlement

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Regulations

U.S. CFTC Warns About Clearing Derivatives Tied to Digital Assets

The derivatives agency said that clearing organizations need to address risks as they move into the crypto space, and Commissioner Johnson suggests it's time for agency rules...

By Jesse Hamilton

May 30, 2023 at 5:13 p.m. UTC

May 30, 2023

RegulationsCFTCCommodity Futures Trading CommissionClearing and Settlement

A new study looks at DLT use in financial markets (Lorenzo Cafaro/Pixabay)

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Regulations

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says

The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency.

By Jack Schickler

May 16, 2023 at 11:01 p.m. UTC

May 16, 2023

RegulationsTradFiDistributed Ledger TechnologySecuritiesClearing and Settlement

The financial district in London (Albrecht Fietz/Pixabay)

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Regulations

London Stock Exchange Group Unit to Clear Bitcoin Index Futures, Options

LCH said its partnership with trading venue GFO-X shows its commitment to the crypto asset class

By Jack Schickler

Apr 13, 2023 at 12:54 p.m. UTC

Apr 13, 2023

RegulationsClearing and SettlementLSELondon Stock ExchangeBitcoin

CFTC Chairman Rostin Behnam (Danny Nelson/CoinDesk)

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Regulations

FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says

Rostin Behnam, the agency's chairman, did say FTX executives met frequently with the regulator.

By Jack Schickler

Nov 28, 2022 at 2:08 p.m. UTC

Nov 28, 2022

RegulationsCFTCFTXClearing and SettlementRostin Behnam

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (Jesse Hamilton/CoinDesk)

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Regulations

CFTC’s Behnam Calls FTX Idea a Potential ‘Evolution’ in Market Structure

Chairman Rostin Behnam says the FTX proposal for directly clearing certain crypto derivatives without intermediaries is still being weighed and would mark a “significant shift...

By Jesse Hamilton

Oct 14, 2022 at 10:24 p.m. UTC

Oct 14, 2022

RegulationsCFTCFTXDerivativesClearing and SettlementExclusive