CFTC lets trust companies settle derivatives trades as banks sue to stop crypto charters

The CFTC cleared crypto firms with federal trust charter approvals to settle daily trades after the regulator’s clearing division issued an early November letter confirming that it will not pursue enforcement against derivatives clearinghouses that choose these trust companies over traditional banks. While the letter lands as a boost for the firms that have acquired trust charters since the Office of the Comptroller of the Currency (OCC) started to issue conditional approvals in December 2025, it has not been received well by traditional banks, with community banks taking that fight to court . In a May 18 letter to Comptroller Jonathan Gould, Senator Elizabeth Warren noted that the agency had cleared at least nine crypto trust charters since December 2025. National trust banks can custody assets and settle payments.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.