๐บ๐ธ $ONDO just filed letters with SEC & CFTC basically saying:
"Current US law already covers stock perps, onchain margin, and blockchain data reporting. No new rules needed."
Big if true. This could fast-track regulated onchain derivatives in the US without waiting years for new legislation.
Ondo positioning itself as the institutional DeFi bridge. If regulators agree, we're looking at legitimized stock perps on-chain with actual legal backing.
Watch this space. Could be the unlock for tradfi x DeFi convergence.
"Current US law already covers stock perps, onchain margin, and blockchain data reporting. No new rules needed."
Big if true. This could fast-track regulated onchain derivatives in the US without waiting years for new legislation.
Ondo positioning itself as the institutional DeFi bridge. If regulators agree, we're looking at legitimized stock perps on-chain with actual legal backing.
Watch this space. Could be the unlock for tradfi x DeFi convergence.
