The United States Commodity Futures Trading Commission and the Department of 
Justice have filed lawsuits against Illinois, Connecticut, and Arizona over 
the federal government’s authority to regulate prediction markets. According 
to a complaint filed against Illinois Governor JB Pritzker, Attorney…

CFTC and DOJ sue three states over prediction market oversight

Trader skepticism highlights the challenges of achieving swift diplomatic 
resolutions, impacting market confidence and geopolitical stability.
The post GCC and UN call for US-Iran ceasefire as market shows skepticism: FT 
appeared first on Crypto Briefing.

GCC and UN call for US-Iran ceasefire as market shows skepticism: FT

The low odds of a ceasefire highlight the challenges of diplomatic efforts and 
the potential for prolonged instability in the region.
The post GCC and UN call for immediate ceasefire in US-Israel-Iran conflict 
appeared first on Crypto Briefing.

GCC and UN call for immediate ceasefire in US-Israel-Iran conflict

The Office of the Comptroller of the Currency (OCC) granted Coinbase (COIN) a 
conditional approval for a national trust bank charter, a move that would 
place the crypto exchange among a small group of five digital-asset firms — 
including Ripple, Circle (CRCL) — that have received similar tentative sign- 
offs from the agency. If the charter is finalized, Coinbase would be able to 
expand beyond custody services to offer payment products and other 
infrastructure under federal supervision, Coinbase’s chief legal officer, Paul 
Grewal, told CNBC. Coinbase Eyes Broader US Payments Suite During his 
interview, Grewal said that the approval opens the door for Coinbase to 
develop a broader range of services in the US, particularly in the area of 
payments: Over the long haul we will be able to explore, with the OCC, 
offering not just custody products but also other infrastructure products, 
particularly around payments, that we think will expand and extend crypto 
payments in all sorts of new and interesting and important directions. Related 
Reading: National Trust Bank Bid: Citadel Securities-Backed Crypto Exchange 
Enters The Fray However, the decision has reignited criticism from traditional 
banking stakeholders. The Independent Community Bankers of America (ICBA) 
responded with a letter opposing the OCC’s conditional approval of Coinbase 
National Trust Co., the subsidiary named in the application. ICBA President 
and CEO Rebeca Romero Rainey called the approval “a grave mistake” that, in 
the group’s view, would put US consumers at risk. The ICBA’s letter alleges 
the application contains significant shortcomings — including inadequate risk 
controls, unclear profitability prospects, and unresolved resolution risks — 
and argues that Coinbase’s filing fails to satisfy requirements set by the 
National Bank Act and the OCC’s own regulations. IBCA Demands OCC Rework 
National Trust Bank Rule The trade group warned that the influx of charter 
applications from non-bank entities suggests firms are seeking the benefits of 
a federal bank charter without being subject to the full spectrum of bank 
regulatory safeguards. That, the Independent Community Bankers of America 
alleges, could undermine consumer protection and threaten the broader 
stability of the financial system. Moreover, the ICBA also aimed at the OCC’s 
final rule on national trust bank chartering. Related Reading: What April 
Could Mean For XRP: Past Patterns And Key Price Catalysts To Watch The trade 
group objects to the OCC’s plan to charter uninsured national trust banks that 
could carry out non‑fiduciary crypto-related business without being subject to 
the Bank Holding Company Act or the prudential requirements that apply to 
FDIC‑insured institutions. In its letter, ICBA reiterated calls for the OCC to 
withdraw the rule or reissue a revised proposal that aligns with the agency’s 
statutory authority and longstanding legal precedent. Despite the OCC’s 
conditional approval, Coinbase’s stock, which trades under the ticker name 
COIN, was trading at $171 at the time of writing and had seen little to no 
change compared to Wednesday’s trading session. Featured image from OpenArt, 
chart from TradingView.com

ICBA Opposes OCC’s Conditional Nod For Coinbase National Trust Bank Charter

The airstrike&#8217;s escalation could lead to increased geopolitical tensions, 
impacting global markets and international diplomatic relations.
The post Airstrike on Iranian site raises odds of US ground forces entering 
Iran to 66% appeared first on Crypto Briefing.

Cryptocurrency price in INR