The US CFTC is formulating tokenized collateral policies, expected to be introduced early next year.
Jinse Finance reported that the U.S. Congress has been attempting to grant the Commodity Futures Trading Commission (CFTC) greater direct jurisdiction over the cryptocurrency spot market. According to sources familiar with the matter, the CFTC is formulating a tokenized collateral policy expected to be introduced early next year. This policy may allow stablecoins to be used as acceptable tokenized collateral in the derivatives market, potentially starting with a pilot program at U.S. clearinghouses. The policy would also implement stricter regulations, requiring more disclosures such as position sizes, large traders and trading volumes, as well as more detailed reporting of operational events.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
