The CFTC's decision highlights the need for careful risk management in extending 24/7 trading to volatile commodities like oil.
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The White House has pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies. This dispute comes ahead of the potential vote on the CLARITY Act, although it is unclear whether it will affect the crypto bill’s chances of passage. White House Rebuts Nomination Claims Ahead of Potential CLARITY Act Vote In a letter addressed to the Senate Majority and Minority Leaders, John Thune and Chuck Schumer, the White House pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies such as the CFTC and the SEC. The White House said that it has requested suitable Democratic nominations to the CFTC and SEC but has yet to receive names in response to its request. It is worth noting that the CFTC and SEC are both key crypto regulators and w
CFTC Chairman Michael Selig stayed CME Group's self-certified 24/7 crude oil futures contract one day before launch, calling the move 'wholly
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Phantom and Hyperliquid Policy Center urged the CFTC to clarify rules for onchain protocols, wallet providers and regulated derivatives markets.
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The Hyperliquid Policy Center (HPC) and non-custodial wallet provider Phantom have jointly urged the US Commodity Futures Trading Commission (CFTC) to modernize its regulatory approach to decentralized finance (DeFi). In a response to the agency’s Request for Information on evolving financial technology, the organizations argue that onchain infrastructure should not be regulated like traditional financial intermediaries. The filing could influence how US regulators oversee decentralized markets while shaping the future of self-custody, onchain trading, and blockchain innovation. HPC and Phantom Push for Tailored DeFi Rules In their joint comment, HPC and Phantom argue that developers who publish onchain protocol software should not automatically be treated as operators of exchanges or clearinghouses. Instead, they urge the CFTC to distinguish between building technology and prov
The ruling enhances presidential influence over crypto regulation, potentially altering enforcement dynamics and impacting investor strategies.
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The CFTC's decision underscores the need for thorough regulatory scrutiny in adapting traditional markets to continuous trading models.
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The ongoing nomination dispute could stall crypto legislation, impacting regulatory clarity and market dynamics in the digital asset sector.
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