Distributed ledger technology can help solve longstanding challenges in US financial markets, the report said.
CFTC news
Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trump’s incoming presidency and optimistic signs for cryptocurrency regulation.
The CFTC’s Summer Mersinger advocates for structured crypto regulations, urging the industry to engage with the incoming US administration.
The role would be the first-ever crypto-specific White House role and may report directly to Trump, Bloomberg reported.
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration
The prediction market has listed contracts for betting on events including a prospective Trump impeachment.
The US-based prediction market is vying to catch up with industry leader Polymarket.
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.