๐จ๐บ๐ธ BTC, ETH, SOL, XRP, XLM & XTZ: CFTC CHAIR SPOTLIGHTS โDIGITAL COMMODITIESโ ๐๐ฅ
CFTC Chairman Mike Selig highlighted these six assets as examples under the joint SECโCFTC crypto taxonomy:
๐ BTC | ๐ท $ETH | โก $SOL
๐ง $XRP | ๐ XLM| ๐ต $XTZ
The bigger story? Washington is moving toward clearer rules for crypto markets. ๐๏ธ
๐ Different activities could face different requirements:
โ Retail crypto trading
โ On-chain delivery of assets
โ Custody and exchange services
โ Separate treatment for non-custodial wallets and software developers
๐ก My take: clearer rules could help firms plan, build and participate with greater confidence.
โ ๏ธ These classifications reference an existing framework. The new rulemaking still needs to run its courseโand regulatory clarity doesnโt guarantee a price rally.
๐ Which matters more for cryptoโs next chapter: clearer regulation or fresh capital?
#CryptoNews #CFTC #CryptoRegulation #xrp
$BTC
$XLM
$XTZ
CFTC Chairman Mike Selig highlighted these six assets as examples under the joint SECโCFTC crypto taxonomy:
๐ BTC | ๐ท $ETH | โก $SOL
๐ง $XRP | ๐ XLM| ๐ต $XTZ
The bigger story? Washington is moving toward clearer rules for crypto markets. ๐๏ธ
๐ Different activities could face different requirements:
โ Retail crypto trading
โ On-chain delivery of assets
โ Custody and exchange services
โ Separate treatment for non-custodial wallets and software developers
๐ก My take: clearer rules could help firms plan, build and participate with greater confidence.
โ ๏ธ These classifications reference an existing framework. The new rulemaking still needs to run its courseโand regulatory clarity doesnโt guarantee a price rally.
๐ Which matters more for cryptoโs next chapter: clearer regulation or fresh capital?
#CryptoNews #CFTC #CryptoRegulation #xrp
$BTC
$XLM
$XTZ
