Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The CFTC of the U.S. issued a warning about foreign exchanges catering to U.S. residents under the FBOT framework. Curious. The pros do not seem very convinced that this will bring back offshore exchanges.



The problem is complex. Traditional rules do not fit well with cryptos. It's like trying to fit a square peg into a round hole. And that thing about requesting FBOT status... complicated if you don't already have regulation in your country.

Many are calling for a crypto market law in Congress. Something more stable, that doesn't change every time there is a new government. It makes sense.

The current government wants to renew the crypto rules. Ambitious. They seek for the U.S. to lead the sector. They have proposed several things, such as having the SEC and the CFTC supervise together.

Agencies are talking about collaborating more. They are even considering 24/7 markets for all types of assets. Imagine Wall Street without breaks, no weekends. A radical change.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)