Crypto currency And for connected initiatives, life continues to flourish in America. It was the event contracts of the most controversial issues of crypto themed. Polymarket reacting to such initiatives CFTC He went to the judiciary, but he couldn’t get what he wanted. Today CFTC has made a completely different decision.
CFTC Crypto Money
CFTC’s market surveillance department and swap and risk department has decided not to take action on some requirements for the event contracts. The QCX LLC and the derivative swap agency will tolerate the requirements of the futures regulator in response to the request of the QC Clearing LLC.
- Swap data reporting
- SWAP Registration Keeping
The disappearance of the above two requirements paves the way for the ability of polymarette -like platforms in the US region to operate smoothly. Simultaneously, Polymarket Founder Shayne Coplan announced that CFTC has approved Polymarket to operate in the United States.
CFTC’s official announcement announcement is as follows;
“Commodity Futures Trade Transactions Trade Commission’s Market Surveillance Department and Clarity and Risk Department today announced that they have taken an inactivity position for the Clearing Data Reporting and Registration regulations for the event contracts, in response to the request of the QCX LLC, a determined contract market and a derivative swap organization.
The departments shall not recommend that CFTC should initiate a sanction against both organizations or participants due to the fact that CFTC is not complied with the requirements of trading and the bilateral option transactions and variable payment contract transactions, which are subject to the rules of QCX LLC and traded through QC Clearing LLC. The letter of inertia is valid only in narrow conditions and can be compared with letters of inertia published for other specified contract markets and derivative swap organizations in similar position. ”
In summary crypto- We can say that the exemption came.
Freedom for crypto coins
This is exactly what Trump’s promise, explaining that it would liberate crypto currencies, the new US President made the necessary steps to take. The Senate enacted crypto -oriented laws of the House of Representatives. Selection crypto currency He publishes guidelines to facilitate the business of his companies. In fact, the SEC returned to the nightmare during the Gensler period, even in the new period, such as breast coins, such as different crypto categories, “Menkul is not the value” announcements.
All these are important details for the global acceptance of crypto currencies. It is extremely positive to create the legal ground for the growth of crypto currencies in the long run.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
