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Author: Admin | 2025-04-28
Been criticized, especially after the rollout of his meme coin, TRUMP. The coin’s sharp price drop raised doubts about its legitimacy.Critics argue that industry growth requires a stable regulatory framework, not speculative hype.Meanwhile, the SEC and CFTC are exploring collaboration on crypto regulations, discussing the revival of a joint advisory committee that could provide clearer guidelines for the industry.With leadership changes underway at both agencies, the crypto sector is watching closely for potential shifts in policy direction.Frequently Asked Questions (FAQs)How does Citadel’s EDX Markets initiative differ from its new crypto market-making plans?EDX Markets, launched in 2023 with Fidelity and Charles Schwab, is an institutional-only crypto exchange that mirrors traditional settlement processes. In contrast, Citadel’s new market-making strategy initially targets retail-focused platforms like Coinbase and Binance through non-U.S. teams to bypass regulatory uncertainty. This dual approach allows Citadel to cater to institutional and retail segments while testing regulatory waters. What specific regulatory changes did Trump’s 2025 executive order introduce for crypto?Trump’s January 2025 executive order revoked prior crypto frameworks, opposed a U.S. central bank digital currency (CBDC), and established a working group to develop federal crypto regulations. It prioritizes private-sector stablecoins over CBDCs and mandates agencies to review conflicting guidance, signaling a deregulatory shift aimed at fostering private innovation. How might the SEC-CFTC joint advisory committee reshape crypto compliance?The revived committee looks to align regulatory efforts between the two agencies, address jurisdictional overlaps, and create standardized disclosure frameworks. This could reduce compliance costs for firms navigating fragmented rules, particularly around stablecoins and token classification. The collaboration may also accelerate the approval of crypto ETFs and derivatives products. Why did Citadel delay crypto entry until 2025 despite competitors’ earlier moves?Citadel avoided crypto due to concerns about market structure integrity and regulatory risks after the FTX collapse. While rivals like Jane Street entered
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