SEC and CFTC Propose New Rules for the Crypto Industry
CFTC has launched an initiative to legalize spot trading of cryptocurrencies on registered exchanges. Meanwhile, the SEC updated its guidance on stablecoin accounting rules. CFTC’s Steps The focus is on contracts that track the spot price of cryptocurrencies but are traded on registered derivatives markets (DCM). Acting CFTC Chair Caroline Pham described this as a […]