The US Commodity Futures Trading Commission (CFTC) has taken decisive action against cryptocurrency-related fraud, announcing a consent order charging New York resident Rashawn Russell with fraud. The case, one of the first under acting Chair Caroline Pham, signals the agency’s renewed focus on enforcement in the digital asset sector. According to the CFTC’s Feb. 10...
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CFTC Advances Tokenized Asset Integration as Collateral in Traditional Finance
The Commodity Futures Trading Commission (CFTC) is taking steps towards the integration of tokenized assets in traditional finance. On Thursday, the CFTC’s Global Markets Advisory Committee approved recommendations to use tokenized money-market fund assets, such as those from BlackRock and Franklin Templeton, as collateral in derivatives trading. This move brings tokenized assets closer to mainstream...