🚨🚨🚨BREAKING🚨🚨🚨
The CFTC celebrates its first meeting of the Innovation Advisory Committee with 43 members, including the CEOs of Coinbase, Kraken, Ripple, Gemini, Robinhood, Nasdaq, NYSE, and CME.
Key points:
- CFTC Chair Selig says the agency will implement its own rules for cryptocurrencies if the CLARITY Act is not approved.
- Selig instructs staff to “begin exploring rules that codify a CFTC market-structure framework for cryptoassets.”
- Cryptocurrency exchange platforms could be allowed to offer leveraged trading under CFTC oversight.
- Selig orders staff to work with DeFi developers to establish legal pathways for *on-chain* protocols in the U.S.
- The CFTC is preparing to modernize the rules for prediction markets; the CEOs of Kalshi and Polymarket are part of the committee.
- Coinbase CEO Armstrong says the CLARITY Act “has a lot of chances of passing,” since both sides would get “90% of what they’re looking for.”
- Robinhood CEO Tenev says the patchwork of state-level cryptocurrency regulations hurts customers more than the companies themselves.
- DTCC CEO notes that coordination between the SEC and the CFTC has given traditional finance a “clear path” to move forward with *blockchain* and tokenization.
- Selig warns states trying to block prediction markets, saying that the CFTC has protected them from “state attorneys general acting on their own.”
- Selig argues for the U.S. to become the “world capital of computing.”
The CFTC celebrates its first meeting of the Innovation Advisory Committee with 43 members, including the CEOs of Coinbase, Kraken, Ripple, Gemini, Robinhood, Nasdaq, NYSE, and CME.
Key points:
- CFTC Chair Selig says the agency will implement its own rules for cryptocurrencies if the CLARITY Act is not approved.
- Selig instructs staff to “begin exploring rules that codify a CFTC market-structure framework for cryptoassets.”
- Cryptocurrency exchange platforms could be allowed to offer leveraged trading under CFTC oversight.
- Selig orders staff to work with DeFi developers to establish legal pathways for *on-chain* protocols in the U.S.
- The CFTC is preparing to modernize the rules for prediction markets; the CEOs of Kalshi and Polymarket are part of the committee.
- Coinbase CEO Armstrong says the CLARITY Act “has a lot of chances of passing,” since both sides would get “90% of what they’re looking for.”
- Robinhood CEO Tenev says the patchwork of state-level cryptocurrency regulations hurts customers more than the companies themselves.
- DTCC CEO notes that coordination between the SEC and the CFTC has given traditional finance a “clear path” to move forward with *blockchain* and tokenization.
- Selig warns states trying to block prediction markets, saying that the CFTC has protected them from “state attorneys general acting on their own.”
- Selig argues for the U.S. to become the “world capital of computing.”