CFTC Advances Crypto Rules as SoFi and Mastercard Launch Settlement
The developments point to deeper connections between digital assets, traditional finance and payment networks.
The Commodity Futures Trading Commission advanced efforts to regulate cryptocurrencies as SoFi and Mastercard launched a stablecoin settlement system, marking parallel steps toward broader institutional use of digital assets.
The CFTC has advanced its efforts to regulate cryptocurrencies. Greater clarity could support the integration of digital assets into traditional financial services, although legal disputes continue to test the boundaries of regulators’ authority.
SoFi and Mastercard launched a stablecoin settlement system.
New York has also taken legal action against Polymarket, accusing the prediction-market platform of operating as an unlicensed gambling service. Polymarket has defended its operations by citing CFTC authority over prediction markets.
The developments underscore the competing forces shaping crypto adoption: regulatory efforts aimed at clearer oversight and new payment infrastructure designed to connect digital assets with mainstream finance.
