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
Declare Your Crypto or Face Jail: South Africa’s Aggressive New Capital Flow Rules
South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency.
Key Takeaways
South African Treasury draft rules require visitors to declare crypto or face up to 5 years in prison.
New 2026 cap
Coinpedia3h ago
U.S. OCC Sets Draft Framework for Stablecoin Issuers Under GENIUS Act Framework
OCC draft sets federal rules for stablecoin issuers and custody services, focusing on safety and regulatory compliance.
Proposal excludes AML and sanctions rules, leaving those areas for separate coordination with Treasury agencies.
Framework marks initial step in multi-agency
CryptoFrontNews5h ago
Tether freezes $344 million in USDT on the Tron network: OFAC collaboration, two addresses implicated in sanctions evasion
According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities.
Two Tron addresses total $344 million USDT frozen
Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions:
Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron
ChainNewsAbmedia5h ago
JPMorgan: DeFi hackers are increasingly common, and interest in compression mechanisms to address TVL stagnation is drawing capital into USDT
JPMorgan Chase’s report believes that DeFi continues to face ongoing vulnerabilities, cross-chain bridge and oracle attacks are frequent, causing TVL to stagnate and weakening institutional investors’ willingness to invest, with capital shifting to USDT that is traceable and can be frozen. The KelpDAO and Rhea Finance attacks reveal risk-management risks; centralized stablecoins and custodial solutions are more favored. In the long run, improving this will require going beyond insurance and governance. DeFi will not be able to return to the 2021 era of high TVL, and stablecoins will become even more concentrated.
ChainNewsAbmedia5h ago
Tether Freezes $344M in USDT on Tron Blockchain in Coordination with OFAC
Gate News message, April 23 — Tether froze two large whale wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 millio
GateNews8h ago
