After years of denials, the SEC has finally approved its first Bitcoin spot ETFs. Reaching this point has involved legal battles, repeated reviews of applications, and much more.
Keynote Address Of CFTC Commissioner Kristin N Johnson At The World Federation Of Exchanges Annual Meeting - Creating Rules Of The Road For (Dis)Intermediated And (De)Centralized Markets mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
<p><span>The topic of today’s event is “regulating the new crypto ecosystem.” It is a hot topic of conversation in Washington, DC. The conversation reminds me of a book for toddlers, </span><span>Are You My Mother?</span><span> In that book, a newly hatched bird searches for his mother. He asks a cat, dog, hen, cow, and front-end loader, each of which disappoints the baby bird with the news that it is not the baby bird’s Mom. Rest assured, baby bird and his actual mother are finally reunited. The crypto industry seems to be on a similar journey; only it is not looking for a mother, but is out looking for its regulator. In a bureaucratic twist on the story in the children’s book, in our story, every agency claims to be the regulator. So crypto is looking to Congress to decide who ought to regulate it. A bipartisan bill announced last week attempts to answer that question.</span>
To be successful, stock exchanges must attract sufficient numbers of market makers, who provide liquidity by quoting prices and stand ready to buy or sell, as well as traders pursuing other strategies, who often take the liquidity market makers provide by hitting offers