• The Stellar Development Foundation (SDF) has been welcomed onto the Commodity Futures Trading Commission’s (CFTC) Global Market Advisory Committee.
• This marks the first time that a blockchain-based project has ever been part of the committee.
• The inclusion of crypto market players in the committee highlights the US regulator’s recognition of the importance of crypto and blockchain in the nation’s financial markets.
The Commodity Futures Trading Commission (CFTC) has taken a major step in recognizing the impact of blockchain technology and cryptocurrency with the inclusion of the Stellar Development Foundation (SDF) on its Global Market Advisory Committee (GMAC). This is the first time ever that a blockchain-based project has been part of this committee, which provides advice and guidance to the CFTC on the opportunities and challenges of a global marketplace.
The SDF is the governing body of the Stellar network, a distributed ledger protocol designed to facilitate the transfer of digital assets between parties. As part of its role in the GMAC, the SDF will be working with players from the traditional finance space in order to foster deep collaborations between the two industries and build on existing financial infrastructures.
The CFTC’s decision to include crypto market players in its GMAC is an indication of the regulator’s recognition of the relevance of crypto and blockchain to the future of the nation’s financial markets. This move could potentially open the door for more collaboration between the traditional financial sector and the crypto industry, paving the way for a more efficient and secure financial system.
The SDF is delighted to be part of the GMAC and looks forward to bringing its crypto-native perspective to the table. With the CFTC’s decision, the US regulators have shown their commitment to staying at the forefront of digital asset regulation and helping to build a secure and efficient financial ecosystem. This is a major step forward for the crypto industry and may lead to even more collaboration between the two industries in the future.