U.S. Department of the Treasury building in Washington, D.C.

FinCEN Grants Exceptive Relief on CDD Beneficial Ownership Requirements

February 20, 2026 137

WASHINGTON, February 13, 2026 — The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Exceptive Relief Order providing relief from certain customer due diligence requirements applicable to covered financial institutions under the 2016 Customer Due Diligence (CDD) Rule.

U.S. Court of Appeals for the Ninth Circuit

CFTC Files Amicus Brief in Ninth Circuit on Exclusive Jurisdiction Over Event Contracts

February 18, 2026 128

WASHINGTON, February 17, 2026 — The U.S. Commodity Futures Trading Commission filed an amicus curiae brief in the U.S. Court of Appeals for the Ninth Circuit explaining that Congress granted the Commission exclusive jurisdiction over commodity derivatives markets under the Commodity Exchange Act, including event contracts commonly referred to as prediction markets, according to a CFTC press release.

FCA consultation document

FCA Consultation on Cryptoasset Market Abuse and Disclosure Framework Closes

February 17, 2026 116

LONDON, February 13, 2026 — The UK Financial Conduct Authority published a consultation setting out proposed rules and guidance for a framework covering cryptoasset admissions, disclosures and a market abuse regime, with responses requested by Feb. 12, 2026, according to Consultation Paper CP25/41.

Regulatory document representing a public policy submission

SEC Corp Fin Outlines Crypto Asset Guidance and Securities Framework Work

February 17, 2026 107

WASHINGTON, February 13, 2026 — The U.S. Securities and Exchange Commission’s Division of Corporation Finance said it is preparing recommendations relating to crypto assets, including interpretive guidance and a possible rule proposal addressing securities treatment, according to a statement published Friday by Division Director James Moloney.

CFTC Staff Letter 26-05 addressing digital assets as margin collateral

CFTC Staff Reissues No-Action Letter Addressing Use of Certain Digital Assets as Margin Collateral

February 16, 2026 131

WASHINGTON, February 6, 2026 — The U.S. Commodity Futures Trading Commission’s Market Participants Division issued Staff Letter No. 26-05, a no-action position stating that staff will not recommend enforcement action regarding futures commission merchants that accept certain non-security digital assets, including qualifying payment stablecoins, as customer margin collateral and take those assets into account for undermargined determinations and segregation calculations, or deposit the FCM’s own payment stablecoins as residual interest, subject to specified conditions.

EBA Supervisory Opinion Document

EBA Issues Opinion on End of No-Action Letter Transition Period Under MiCA–PSD2 Framework

February 14, 2026 148

PARIS, February 12, 2026 — The European Banking Authority (EBA) published an Opinion on the end of the No-Action Letter transition period, advising national competent authorities on supervisory actions as the transition period under its No-Action Letter concerning the interaction between the Markets in Crypto-Assets Regulation (MiCA) and the Revised Payment Services Directive (PSD2) concludes.