Repression against major crypto exchanges will have a big impact on the market
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Repression against major crypto exchanges will have a big impact on the market Timothy Massad, who chaired the Commodity Futures Trading Commission (CFTC) from 2014-2017, believes that the lawsuit against the Binance and Coinbase exchanges will have a big impact on the entire cryptocurrency market. Lawsuits filed by the Securities and Exchange Commission (SEC) have dealt a painful blow to the industry. The result was not only the collapse of the leading digital currencies, but also the weakening of the attractiveness of the blockchain industry as a whole. The ex-head of the CFTC stressed that US regulators fear the formation
Key Highlights CFTC said it could use its existing authority to create a new market structure for crypto assets if Congress fails to pass the CLARITY Act. Some registered and unregistered crypto exchanges could potentially operate as regulated crypto asset markets offering leveraged or margined trading. Galaxy Research recently cut…
Key Highlights The CFTC names its first group of executives to join the new CEO Innovation Council, focused on evolving derivatives markets. The council will guide CFTC policy on tokenization, crypto assets, perpetual futures, prediction markets, and 24/7 trading. Early members include leaders from major exchanges such as CME, Cboe,…