The CFTC supported blockchain as a tool for managing collateral in the derivatives market, emphasizing its potential for transferring assets in real-time without intermediaries, reducing costs and increasing accessibility. CFTC Commissioner Caroline Pham highlighted the importance of legal clarity for unlocking the full potential of digital assets. In the future, with the arrival of the Trump administration, there could be a shift in the CFTC's approach to cryptocurrencies, and Summer Mersinger is seen as a candidate for the agency's leadership position.
11/23/2024 1:13:11 PM (GMT+1)
The CFTC supported blockchain for managing trading collateral in the derivatives market, improving efficiency and reducing costs, with the potential for expanding asset types 💼
645
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity
Nigeria receives $60 million from confiscated US assets after Tigran Gambaryan’s release, strengthening cooperation in the fight against corruption and financial crimes
The Indian district of Dantewada digitized 700,000 land records, securing them using the Avalanche blockchain to enhance transparency and prevent forgery
European regulators are investigating OKX's involvement in laundering $100 million from the hacked funds of Bybit, considering a potential violation of MiCA standards for cryptocurrency services
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
Coinbase resumes operations in India after obtaining approvals from the Financial Intelligence Unit (FIU), with plans to launch retail services and expand its crypto platform in 2025
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
