• Stellar Lumens (SDF) has been invited to join the Commodity Futures Trading Commission (CFTC) Global Market Advisory Committee as the only blockchain representative.
• This marks an important step for the crypto and blockchain industry in the US, as it shows that the US regulators recognize the relevance of these technologies to the nation’s financial markets.
• This move also fosters deep collaborations between the traditional finance space and the crypto industry, enabling them to build on existing financial infrastructures.
The Commodity Futures Trading Commission (CFTC) recently announced that Stellar Lumens (SDF), a blockchain-based distributed ledger network, will be joining its Global Market Advisory Committee. This is a major step forward for the crypto and blockchain industry in the United States, as it shows that the US regulators recognize the relevance of these technologies to the nation’s financial markets.
The CFTC relaunched its Global Market Advisory Committee to use its experience to discuss the best ways to regulate the digital asset market. This committee consists of members from the traditional finance space as well as crypto market players. The inclusion of crypto market players in the committee is an important step forward, as it fosters deep collaborations between the two industry giants, enabling them to build on existing financial infrastructures.
The announcement was made by the official Twitter account of the Stellar Development Foundation (SDF), which expressed its delight at being part of the CFTC’s Global Market Advisory Committee. This will allow the foundation to lend a crypto-native perspective to the committee, as it seeks advice on the challenges and opportunities of a global marketplace.
The SDF and other members of the committee will work together to develop a regulatory framework for the digital asset market that is fair and effective. This will ensure that the US financial markets remain competitive in the global marketplace. Additionally, it will also ensure that investors are protected from any fraudulent activities or scams.
Overall, the inclusion of Stellar Lumens in the CFTC’s Global Market Advisory Committee is a positive step forward for the crypto industry in the United States. It shows that the US regulators recognize the importance of these technologies and are willing to work with them. This will help foster a healthy and vibrant digital asset market in the US, which will benefit both investors and the industry at large.