INTEL: Trump-backed World Liberty Financial is reportedly close to securing an OCC trust charter, allowing direct issuance and redemption of its $USD1 stablecoin
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INTEL: US and Iran are discussing moving up the signing of their agreement to Wednesday, potentially reopening the Strait of Hormuz sooner
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INTEL: PRESIDENT OF ECB LAGARDE SAID TO HAVE DIRECTLY BLOCKED BINANCE EUROPEAN ENTRY TO BOLSTER DIGITAL EURO PUSH
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INTEL: Traders now price in another Federal Reserve rate increase after officials raised their interest rate forecasts
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INTEL: FED's Warsh says high prices remain a burden as inflation stays well above the Federal Reserve’s 2% goal
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INTEL: Warsh says Federal Reserve policy statements will be shorter, fact-based, and avoid signaling future rate moves
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INTEL: TEXT OF US-IRAN MOU HAS BEEN OFFICIALLY FINALIZED AND SIGNED BY BOTH SIDES, IRAN FOREIGN MINISTRY AND TWO US OFFICIALS CONFIRMS
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INTEL: CME GROUP TO SUE THE CFTC OVER ITS APPROVAL OF PERPETUAL FUTURES, CEO TERRENCE DUFFY SAYS, PER CNBC
Duffy argues perpetual futures are legally swaps under Dodd-Frank, not ordinary futures and that CME holds exclusive licenses with the benchmark providers, so the products would have to route through CME regardless. Filing expected today.
Follows the CFTC’s late-May approval letting Kalshi and Coinbase offer regulated crypto perps in the US, the first time the product has been allowed onshore. CFTC chair Selig has defended the decision, saying incumbents “always fear the future.”
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Duffy argues perpetual futures are legally swaps under Dodd-Frank, not ordinary futures and that CME holds exclusive licenses with the benchmark providers, so the products would have to route through CME regardless. Filing expected today.
Follows the CFTC’s late-May approval letting Kalshi and Coinbase offer regulated crypto perps in the US, the first time the product has been allowed onshore. CFTC chair Selig has defended the decision, saying incumbents “always fear the future.”
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