‘Crypto Sprint’ after ‘Project Crypto’
The post ‘Crypto Sprint’ after ‘Project Crypto’ appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have recently made important clarifications on critical crypto-related matters as a part of the government’s bid to become the world’s crypto capital. Naturally, greater clarity would lead to greater confidence in digital assets and blockchain technology in the TradFi space and among consumers. This should also benefit new crypto presales, such as Bitcoin Hyper ($HYPER). SEC Discusses Liquid Staking, CFTC Launches ‘Crypto Sprint’ The SEC released a statement on Wednesday clarifying its stand on liquid staking activities. According to the commission, it doesn’t view this form of protocol staking as securities. As such, liquid staking providers don’t need to register with the SEC for this type of activity. This is big news, as it will give investors—particularly institutional investors—more confidence in participating in staking activities. It also comes at a critical time, as the total value locked (TVL) in liquid staking has risen sharply in the past several months, according to DefiLlama data. July 28 saw an ATH in TVL, which reached as much as $72.9B, or a 24.8% growth from $58.44B at the start of the year. Meanwhile, the CFTC announced on Monday another initiative. This one will offer clarity on trading spot crypto asset contracts listed on CFTC-registered futures exchanges known, which will be designated as contract markets (DCMs). It’s the first initiative of the CFTC’s ‘crypto sprint’ announced on August 1. There is a clear and simple solution the CFTC can implement now. The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM. —Acting CFTC Chairman, Caroline D. Pham In line with this statement, Pham invited stakeholders to work with the CFTC to provide regulatory clarity on the listing of spot…
The post ‘Crypto Sprint’ after ‘Project Crypto’ appeared on BitcoinEthereumNews.com.
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have recently made important clarifications on critical crypto-related matters as a part of the government’s bid to become the world’s crypto capital. Naturally, greater clarity would lead to greater confidence in digital assets and blockchain technology in the TradFi space and among consumers. This should also benefit new crypto presales, such as Bitcoin Hyper ($HYPER). SEC Discusses Liquid Staking, CFTC Launches ‘Crypto Sprint’ The SEC released a statement on Wednesday clarifying its stand on liquid staking activities. According to the commission, it doesn’t view this form of protocol staking as securities. As such, liquid staking providers don’t need to register with the SEC for this type of activity. This is big news, as it will give investors—particularly institutional investors—more confidence in participating in staking activities. It also comes at a critical time, as the total value locked (TVL) in liquid staking has risen sharply in the past several months, according to DefiLlama data. July 28 saw an ATH in TVL, which reached as much as $72.9B, or a 24.8% growth from $58.44B at the start of the year. Meanwhile, the CFTC announced on Monday another initiative. This one will offer clarity on trading spot crypto asset contracts listed on CFTC-registered futures exchanges known, which will be designated as contract markets (DCMs). It’s the first initiative of the CFTC’s ‘crypto sprint’ announced on August 1. There is a clear and simple solution the CFTC can implement now. The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM. —Acting CFTC Chairman, Caroline D. Pham In line with this statement, Pham invited stakeholders to work with the CFTC to provide regulatory clarity on the listing of spot…
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