United States Capitol building in Washington, D.C.

U.S. Crypto Market Structure Bill Faces Impasse as Banks Reject Stablecoin Reward Proposal

WASHINGTON, March 5, 2026 — Negotiations over landmark U.S. cryptocurrency legislation have stalled after banks said they cannot support a White House-backed compromise on stablecoin rewards, raising uncertainty over whether Congress will pass a crypto market structure bill this year, according to a Reuters report.

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

WASHINGTON, Feb. 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.

Institutional digital asset custody vault illustration

Standard Chartered Warns Stablecoins Could Pull $500 Billion From U.S. Bank Deposits by 2028

Standard Chartered has warned that accelerating stablecoin adoption could put as much as $500 billion of U.S. bank deposits at risk by the end of 2028, as payment activity and other core banking functions increasingly shift toward dollar-pegged digital tokens, according to Reuters.