🇺🇸💰🚀The United States Strengthens Its Position in the Cryptocurrency Market: CFTC Launches New Regulatory Initiatives*🔥
The U.S. Commodity Futures Trading Commission (CFTC) has begun implementing the White House's recommendations regarding cryptocurrencies, aiming to make America the cryptocurrency capital of the world. This includes working closely with the U.S. Securities and Exchange Commission (SEC) to regulate cryptocurrencies.
*Key Recommendations*
- Provide guidance on how to classify cryptocurrencies as commodities
- Define how its registration requirements interact with decentralized finance
- Consider amending rules to accommodate blockchain-based derivatives
- Create a regulatory sandbox
- Allow registrants to offer multiple services within a single user interface
*Joint Work with SEC*
- Coordinate to establish a rule-making process
- Use their existing authorities to provide full regulatory clarity
*Steps Taken by CFTC*
- Meeting with cryptocurrency executives to discuss the industry
- Withdrawing outdated staff advisories related to cryptocurrencies
- Concluding consultations on allowing 24/7 trading of derivatives and perpetual contracts
#CFTCCryptoSprint #BTCReserveStrategy #CFTC新领导层 #SECCrypto #USACryptoTrends
