CFTC’s Stablecoin Gambit: Trust Banks Get the Green Light

The Commodity Futures Trading Commission (CFTC), in a moment of regulatory audacity, announced on Feb. 6 the reissue of CFTC Staff Letter 25-40. This document, one imagines, was penned with the solemnity of a medieval courtier, revising the definition of payment stablecoins to permit national trust banks to don the mantle of “permitted issuers,” as if they had been waiting for this honor with bated breath since the dawn of fintech.

12 Years Ago Today, One of the Best Animated Movies of the 21st Century Released & It Had No Right Being So Good

When Warner Bros. announced The LEGO Movie, many people doubted it would succeed. LEGO bricks are known for inspiring imagination – kids build whatever they dream up – so a fixed storyline seemed to go against the brand’s spirit. However, when the movie came out on February 7, 2014, it was a huge hit with both critics and audiences, earning over $470 million worldwide. Its success came from a clever, self-aware story and a groundbreaking animation style that brought the unique look of LEGOs to life.