“The Commodity Futures Trading Commission have opened a public-comment period for around-the-key-clack derivatives actality, as seen in the Digital Assets Space.”, – WRITE: www.coindesk.com
Thought the cftc is expectioned to be establized as a crypto market regulator in congress’ Ongoing Effort to Establish Industry Rules, The Agency’s Invitation For Comments Issued Discuss Digital Assets Oversight. The request notes that “Technological Advancements and Market Demand” are pushing cftc-regulated FIRMS TOKARD BEING ABLE TO HANDLE TRANSACTIONS at All Times.
“AS I have long said, the cftc must take a forward -loving Approach to Shifts in Market Structure to Ensure Our Markets Remain Vibrantt and Resilient Chati Pham, in a statement. She Was Tapped by President Donald Trump to Run the Agency While It Awaits the Senate Confirmation of Its Chairman Nominee, Brian Quintenz.
Trading Without DownTime Presents a Host of Challenges for US Markets UnacCustomed to It, Accounting To The Request, Including “What Governance Frameworks, Exchange Staffing Modes to enSURE Market Integrity and Operatorial Resilience, As Well As Compliance with All Core Principles, Under A ContinuoS Trading Model. ” Such An Expansion Wuld Require Firms to Handle Live Maintenance and Technology Patches and Human Monitoring of the Systems and Markets Dringing The Extended Hours, Which Are Issues Assets Operations.
The CFTC Wuld Still Need A Change in Law Before It Could Have Direct Authority Over Actual Spot-Market Trading of Bitcoin and Other Tokens That Aren’t. Securities and Exchange Commission Oversight. If the agency is ultimately a major regulator of trading and of the platforms and firms that handle customers’ transactions, that’s a Space in breath 24-HOVR.
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