Banca Sella Gets MiCA Clearance as Trump Backs CFTC, Miners Rally

Banca Sella completed its notification with the Bank of Italy under the EU’s Markets in Crypto-Assets regulation, becoming the first Italian bank authorized to offer crypto-asset custody, transfer and receipt services. The bank said the service will launch in 2026 and will be available to selected categories of customers. Banca Sella is the commercial bank of Sella Group, which operates nearly 300 branches and employs more than 2,400 people.

MiCA is an EU regulation that sets rules for crypto-asset issuers and service providers. National notification under MiCA allows firms to provide licensed custody, tokenized payment services and stablecoin infrastructure subject to domestic supervision after completing national approval steps.

Andrea Tessera, managing director of digital banking at Banca Sella, described tokenization as helping move payments toward “instant, interoperable, and programmable” models and said the planned offering is part of that shift.

In Washington, President Donald Trump wrote on Truth Social that “It is critically important that the CFTC’s exclusive authority over Prediction Markets is maintained, and that they will thrive.” He also criticized state officials pursuing enforcement actions against prediction-market platforms. Multiple states have filed suits or issued cease-and-desist orders against platforms such as Kalshi and Polymarket, arguing the markets operate as unlicensed gambling. The platforms have challenged those state actions in court, and the CFTC has asserted federal authority over prediction markets. Reports indicate Donald Trump Jr. has investments in and advisory roles with Polymarket and Kalshi.

Equity markets reflected related developments on Tuesday. TeraWulf rose as much as 17% after announcing a site acquisition in Kentucky for a data center. Hut 8, IREN and Riot Platforms each closed more than 5% higher. The S&P 500 reached a record above 7,500, led by information technology and semiconductor stocks. Research from Bernstein shows 11 public Bitcoin miners have a combined planned power portfolio of roughly 27 gigawatts.

Regulatory approvals in Europe, ongoing legal disputes over federal jurisdiction in the United States and corporate actions to repurpose mining infrastructure for AI and high-performance computing were reported on the same day.