💠CFTC Chair: ‘Explosion of interest’ in crypto may spawn new clearinghouses
Speaking before the U.S. House Agricultural Committee, CFTC Chairman J. Christopher Giancarlo says he expects the number of crypto clearinghouse applications to skyrocket given recent interest in cryptocurrencies. To date, the CFTC has exempted four crypto clearinghouses, with notables Bakkt and ErisX waiting on approval. LabCFTC, a research group dedicated for emerging technology within the regulator, has proven a useful tool for addressing issues in the crypto space before they occur, Giancarlo added.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.