The SEC and CFTC join hands: State of Crypto

The SEC and CFTC signed a memorandum of understanding to do a better job providing a combined regulatory approach to the digital asset sector. What to know : A federal court denied Custodia Bank's request to review the Federal Reserve's powers as the final word on so-called master accounts. The crypto bank's rejection, though, comes at a time when two separate avenues seem to be opening up for access to narrower master accounts. One of the regional Fed banks gave Kraken such access, and the national Fed board is working on a nationwide policy for something similar.