CFTC Report Supports Tokenization Of Trading Collateral
The Global Markets Advisory Committee of the CFTC has given its endorsement to the use of blockchain technology to handle trading collateral in United States derivatives markets. According to a report released on November 21, the Global Markets Advisory Committee of the Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to administer trading […]
CFTC Commissioner Calls for US Crypto Policy Reforms
The CFTC’s Summer Mersinger urged the industry to interact with the incoming US administration and promoted organized crypto laws. Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger emphasized the need for standardized U.S. crypto policies to be developed through notice-and-comment regulation. CFTC’s Role in “Regulation by Enforcement” The Commodity Futures […]
Crypto Wins as US SEC Loses ‘Dealer’ Lawsuit
Judge Reed O’Connor ruled that no U.S. law supports the SEC’s broad use of the term “dealer” to classify crypto companies under securities regulations. Crypto litigants in the state of Texas have dealt the Securities and Exchange Commission (SEC) of the United States yet another significant setback. Judge Reed O’Connor of the United States District […]
Gary Gensler to Step Down as SEC Chairman
In a Nov. 21 announcement, the United States Securities and Exchange (SEC) Commission Chair, Gary Gensler, will depart the agency on Jan. 20, 2025. Gensler will step down as SEC Chair and depart from the agency entirely on Jan. 20, 2025, when President-elect Donald Trump starts his presidential term. According to the statement, Gensler will […]
Solana ETF Issuers Advance Talks With US SEC
The U.S. spot Solana ETF approval process shows progress, with potential approval by 2025, per Fox Business’ Eleanor Terrett. The search for spot Solana ETF products in the United States is progressing positively. Eleanor Terrett, a journalist for Fox Business, stated that discussions between the Securities and Exchange Commission (SEC) and potential issuers are “progressing” […]