👀 server tea: the CFTC just dropped its first rules for the crypto market
Today, the CFTC chair unveiled what would be the first regulatory framework specifically for the industry: rules for leveraged retail trading and a new federal exchange license. And while they were at it, the SEC and CFTC confirmed that , , , and others are commodities, not securities. The juicy detail: these rules are arriving precisely because the CLARITY Act is still stalled in Congress, and nobody can put up with the regulatory vacuum anymore 👀
My take (pure opinion, nobody pays me): this is the clearest signal yet that the system is organizing the game UPWARD. If and are classified as commodities, their ETFs have a clear path ahead. The funny thing is, inflows into XRP and SOL ETFs fell 94% this week. The referee has new rules, and the player looks tired
Good rules before the rally, or has the rally already been priced in? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
Today, the CFTC chair unveiled what would be the first regulatory framework specifically for the industry: rules for leveraged retail trading and a new federal exchange license. And while they were at it, the SEC and CFTC confirmed that , , , and others are commodities, not securities. The juicy detail: these rules are arriving precisely because the CLARITY Act is still stalled in Congress, and nobody can put up with the regulatory vacuum anymore 👀
My take (pure opinion, nobody pays me): this is the clearest signal yet that the system is organizing the game UPWARD. If and are classified as commodities, their ETFs have a clear path ahead. The funny thing is, inflows into XRP and SOL ETFs fell 94% this week. The referee has new rules, and the player looks tired
Good rules before the rally, or has the rally already been priced in? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading