Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingDaily Morning Briefing
The Daily Morning Briefing is a daily newsletter written by Tyler Warner. The analysis and opinions expressed in the article only represent the author himself and do not necessarily reflect Decrypt's position. In addition, welcome to our daily news program "FOMO HOUR" to help you interpret all the top news and market trends.
Good morning, everyone! Here are today's top news:
ˇ U.S. Commodity Futures Trading Commission (CFTC) seeks to license crypto exchanges
Three weeks after the Clarity Act was stranded in the Senate, the U.S. Commodity Futures Trading Commission (CFTC) has released its draft plan to regulate crypto exchanges. This is an early document designed to solicit public comment before formally developing rules, and will provide a 60-day comment period once submitted to the Federal Register.
The plan outlines the core elements that Congress had previously failed to pass: establishing a federal-level crypto exchange licensing system and deciding which institutions need to apply for licenses based on leveraged trading needs.
Selig said the rules were designed to prevent fraud like the FTX incident, rather than prosecute after the fact, and he also released a promotional video to clarify this point. It is worth noting that the notice also cleared the agency's own past history, saying that cases against Kraken, Ooki DAO and Uniswap during the Biden administration were "regulation by enforcement" and denied it.
See more logic clearly and clearly
A federal license would allow U.S. domestic exchanges to launch leveraged products that are currently not available. This is why traders see it as the clearest path for the offshore perpetual contract business to return home. Recently, Robinhood announced the launch of a U.S. crypto perpetual contract, Coinbase submitted an application for a single stock perpetual contract, and Kraken's parent company is negotiating with Hyperliquid. These three platforms all need such a "door" to achieve business implementation.
Clear regulatory rules have also lowered the threshold for banks and securities firms to enter the crypto industry, because "which regulatory body should govern" has long been the main factor hindering the development of the industry.
All of this will make user access easier, which may drive the growth of the number of users and the expansion of the entire industry. The boom in the industry is likely to drive asset prices up (at least for some assets, but certainly not all assets). More importantly, crypto assets will once again become a mainstream asset class that the public can invest in...
