# The CFTC's Crypto Power

*Author: Bankless*
*Published: Dec 9, 2025*
*Source: https://www.bankless.com/read/the-cftcs-crypto-power*

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The CFTC's Crypto Power

  
  Published on Dec 9, 2025

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
Crypto-Friendly Banks?
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/12/Group-20--29-.png)](https://www.bankless.com/)- 🦅 **OCC Gives U.S. Banks Permission to Broker Crypto Transactions.** U.S. banks [can now act](https://www.bankless.com/read/news/occ-gives-u-s-banks-permission-to-broker-crypto-transactions) as market makers for crypto transactions.
- 💵 **Tether-Backed 'Twenty One' Treasury Completes SPAC Merger.** The newco's shares [lost one-quarter of their value](https://www.bankless.com/read/news/tether-backed-twenty-one-completes-spac-merger-with-cantor-equity-partners) on the first day of trading.
- 💰 **PNC Bank Launches Direct BTC Trading for Private Banking Clients. **PNC Private Bank clients now [enjoy](https://www.bankless.com/read/news/pnc-bank-launches-direct-btc-trading-for-private-banking-clients) direct BTC trading.
📸**Daily Market Snapshot: **ETH pumped to its highest point in weeks, nearly reaching $3,400, as the crypto market saw green despite a mixed day for stock indexes.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.18T
       

  
    
    ↗ 2.8%
  

   
    
    ↗ 2.7%  
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $92,777
       

  
    
    ↗ 2.2%
  

   
    
    ↗ 1.0%  
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,324
       

  
    
    ↗ 6.4%
  

   
    
    ↗ 10.3%     

 

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