"Intercontinental Exchange Inc. (ICE), the operator of the New York Stock Exchange, is in discussions to invest in crypto payments company MoonPay, people familiar with the matter said, per Bloomberg. The potential funding round could value MoonPay at roughly $5 billion, up from its previous $3.4 billion valuation, according to the sources, who requested anonymity due to the private nature of the talks."
"MoonPay, based in New York, provides infrastructure for users to buy and sell cryptocurrencies. The company recently secured a Limited Purpose Trust Charter from the New York Department of Financial Services, a move that complements its existing BitLicense and allows it to expand custody and other crypto services in the state. The combination of these regulatory approvals positions MoonPay alongside companies such as Coinbase and PayPal, which are permitted to operate under New York's strict digital asset framework."
"The announcement comes amid leadership changes at MoonPay. Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), has confirmed she will join the company as chief legal officer and chief administrative officer after leaving the agency. Pham has played a key role in the CFTC's crypto initiatives over the past year, including the "Crypto Sprint," which aimed to clarify regulatory rules for digital assets."
Intercontinental Exchange Inc. (ICE) is in talks to invest in MoonPay, potentially valuing the crypto payments company near $5 billion, up from $3.4 billion. MoonPay provides infrastructure for buying and selling cryptocurrencies and recently obtained a Limited Purpose Trust Charter from the New York Department of Financial Services, complementing its BitLicense and enabling expanded custody and crypto services in New York. The regulatory positioning places MoonPay alongside firms such as Coinbase and PayPal under New York's digital asset framework. ICE operates Bakkt and committed $2 billion to Polymarket, reflecting a strategy to expand into digital assets. Caroline Pham will join MoonPay as chief legal and administrative officer, bringing CFTC crypto policy experience.
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