Foresight News reports that according to the SEC website, the Options Clearing Corporation (OCC) has proposed implementing “Specific Wrong-Way Risk” (SWWR) controls for spot cryptocurrency ETP positions held by clearing members or their affiliates acting as custodians. In such cases, the related fund shares and option valuations will be set to zero to reduce credit exposure caused by crypto asset custody risks. Additionally, OCC plans to stop accepting letters of credit and GSE debt securities as eligible collateral.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Russia Considers Separate Stablecoin Law Amid Crypto Regulation Reforms
Key Insights
Russia separate stablecoin law may create clear legal status for fiat-pegged tokens within the national financial system.
Lawmakers may restrict trading on unlicensed crypto platforms under a broader exchange regulation bill.
A ruble-pegged stablecoin approved for trade highlights Ru
CryptoBreaking56m ago
Iran and North Korea are both using it! Stablecoins have become the preferred virtual asset for illegal transactions, with involved fraud totaling $51 billion.
According to the FATF report, stablecoins have become the preferred asset for illegal transactions, especially in countries like Iran and North Korea. The organization calls for increased regulation of stablecoin issuers and states that by 2025, stablecoins will account for the majority of illegal virtual asset transactions. To address these challenges, the FATF recommends that issuers strengthen their technical capabilities to improve regulatory efficiency.
区块客4h ago
Trump signs executive order to combat cybercrime, requiring multiple agencies to submit action plans within 120 days
U.S. President Trump signed an executive order on March 6th to combat cybercrime and fraud, requiring relevant ministers to review frameworks and develop action plans. The order establishes an action team to coordinate the fight against transnational cybercrime and proposes a victim recovery plan to compensate victims of online fraud. At the same time, it calls for negotiations with countries that tolerate such crimes and measures to restrict them.
GateNews5h ago
New Stablecoin Rules Passed By Florida Lawmakers
Florida lawmakers have passed a bill to regulate stablecoins, establishing clear rules for issuance, oversight, and consumer protection. This bipartisan effort aims to provide regulatory certainty and attract blockchain innovation while ensuring financial stability and transparency.
TodayqNews5h ago
Patrick Witt Calls Out The Irony At Banks’ Stance On Clarity Act
White House crypto advisor Patrick Witt highlighted that the big banks’ unwillingness to reach a compromise with the crypto sector on the Clarity Act discussions will only keep stablecoins unregulated and amplify their concerns about deposit flight.
The digital asset adviser of the White House, Pa
Blockzeit5h ago
