SEC Chairman Paul Atkins and CFTC Chairman Michael Selig will maintain a joint event on January 27 to focus on regulatory harmonization and efforts to make the United States the worldwide crypto capital. The two regulators issued a joint assertion asserting the occasion will happen at CFTC headquarters from 10 a.m. to 11 a.m. ET,…
Commodity Futures Trading Commission Chairman Michael S. Selig desires to run the fee with “minimal” regulation on prediction markets. But getting it won’t be that simple. Selig laid out the way forward for the company in an op-ed for the Washington Post on Jan. 20. With bombastic, expansionist language that linked blockchain and prediction markets…
Commodity Futures Trading Commission Chairman Michael Selig launched the Innovation Advisory Committee to present experience on rising applied sciences reshaping monetary markets, marking his first main coverage initiative since taking control of the derivatives regulator last month. The newly renamed panel replaces the previous Technology Advisory Committee and will embrace representatives from monetary establishments, regulatory…
The US derivatives watchdog is bringing again a well-recognized face from Bitcoin’s first leap into regulated markets, as Amir Zaidi returns to the Commodity Futures Trading Commission as chief of workers forward of what Washington calls a pivotal yr for crypto guidelines. The CFTC mentioned on Dec. 31 that Chairman Michael S. Selig appointed Zaidi…
The U.S. Senate has confirmed crypto-friendly lawyer Mike Selig as the subsequent chair of the Commodity Futures Trading Commission (CFTC), ending a chronic interval of management uncertainty at one of many nation’s most vital monetary regulators. The affirmation handed Thursday as a part of a mass approval of federal nominees, with senators voting 53–43 underneath…
The narrative surrounding XRP, the digital asset native to the XRP Ledger, has shifted from a speculative cryptocurrency to a acknowledged digital asset inside the world monetary system. This shift displays rising authorized readability and rising curiosity from monetary establishments in search of compliant blockchain-based options for funds, liquidity, and settlement. How Institutional Interest In…
Michael Selig, President Donald Trump’s nominee to lead the Commodity Futures Trading Commission, is set to face a full Senate affirmation vote as early as “this afternoon” following a 12-11 party-line committee approval final month. The vote comes at a pivotal second for U.S. crypto regulation, with the CFTC poised to assume sweeping new authority…
The US Commodity Futures Trading Commission has granted no-action reduction to 4 prediction market operators, easing enforcement strain on platforms which have confronted mounting regulatory scrutiny. Key Takeaways: The CFTC granted slender no-action reduction to 4 prediction markets, decreasing speedy enforcement danger. Platforms should absolutely collateralize all contracts and publish time-and-sales information to keep eligibility….
The US Commodity Futures Trading Commission (CFTC) has taken one in all its largest steps but towards bringing crypto into regulated finance, launching a pilot that lets Bitcoin, Ether and USDC function collateral in derivatives markets. Acting Chairman Caroline Pham announced this system in Washington, together with new steerage on tokenized collateral and the withdrawal…
President Donald Trump’s nominee to guide the Commodity Futures Trading Commission, Michael Selig, moved one step nearer to affirmation on Thursday after the Senate Agriculture Committee voted 12–11 alongside occasion strains to advance his nomination. The resolution sends Selig to the total Senate for a carefully watched affirmation vote, coming at a time when the…