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Denelle, your segment at the US House Davos this year was this sponsored? As some of the other blockchain companies e.g. Ripple were sponsors for this event and hence got a chance to participate there. If not, how did this opportunity come about? You also said in your interview at Davos, there are 6 other notable banks looking to issue/testing stablecoins, will they be on Stellar? With privacy becoming a focus for Stellar, how do you view other chains e.g. Canton that have $300billion+ in RWAs compared to Stellar which pales in comparison, and do not have privacy as an opt in feature? Are they necessary or can Stellar provide what institutions are looking for now protocol 25 is live? It seems like leading institutions like DTCC think otherwise being a validator on Canton Network, any plans for DTCC to become a Validator on Stellar? Also is Stellar still actively holding a role/guiding hand at the CFTC GMAC and still have anything to do with shaping legislation/regulation for Crypto in the US? Are Stellar in favor for the Clarity act in the form that it currently is? It seems like other Blockchain/DLT networks are more vocal, so would be interesting to get your thoughts on it as Stellar always state that they are the ones shaping the legislation/regulation behind the scenes. Lastly, is the goal for the Stellar Network still to be that invisible internet level protocol for payments just like SMTP is for emails? Or has that vision changed as the years have gone by...Now there are so many protocols that have focused on payments and some may be more favourable viewed by regulatory bodies in certain jurisdictions or have partnerships with TradFi like Solana with Western Union (not sure who dropped the ball on that one! Stellar should have been involved there from the beginning!) Years go by and the media still call Stellar a Zombie chain, I really hope after all these years that Stellar, will truly shine bright in 2026. Onwards and upwards.
tldr; The Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham announced new appointments to the Global Markets Advisory Committee (GMAC) and its subcommittees. Scott Lucas of J.P. Morgan and Sandy Kaul of Franklin Templeton were named co-chairs of the Digital Asset Markets Subcommittee. The GMAC aims to provide expertise on market structure and digital asset regulation. The announcement highlights the committee's contributions, including a U.S. digital asset taxonomy and tokenized collateral recommendations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Personally.. i hate them all. But in terms of regulation. BTC and ETH are the only 2 commodities. Everything else is a security via howey test. I was whistleblowing FTX before it crashed. It caused the 2023 collapse to crash over $500b in just 3 banks. Not to mention $40b from terra, $40b from ftx... genesis... ect.. I was trying to alert regulators about the systemic risk with these products. It happened. I lived through 2008 and I was worried republicans were trying to cause another crash via crypto while crooks cash out billions, Scott free. SBF may be guilty but he's still the scapegoat for the politicians and industry investors that profitted from his crimes. (Coinbase, binance, solana, citadel, Blackrock, a16z, jump trading) This is why their news outlets were so aggressive in saying sbf was a Democrat. Republicans were the ones promoting it. Im fact, cftc(controlled by deregulator trump appointees) was weeks away from giving FTX full control of our commodities markets. They nearly collapsed our entire financial system. Things humans actually need like lumber, food metals, houses.. Here's the meeting. https://youtu.be/s7oN3qMBAP0?si=5AZJhVf15DqBBv9x We started SEC after the great depression. They passed the dodd frank act after the 2008 crisis. These crypto products were specifically designed to bypass all of those safety precautions and the crypto industry is fighting tooth and nail to continue to bypass them. We have those regulations for a reason. Too late now. The wolves run the hen house. Nobody to report crime to now. Now that republicans are in power, they're streamlining this initiative again. Pham set up GMAC. It's all the major investors behind ftx. FTX 2.0. https://youtu.be/gHKPRR8DXdY?si=WIRAFaBmd2-hlUr8 2008 happened and nobody knew what was going on. This time, they produced an entire crypto bro army to support their madness. MMW... This will not end well. In history, after every period of deregulation, there is a market crash. Every single time.
Anyone? Stellar even sits on the CFTC GMAC board. What is this?
You argument has merit. I've been following this shit too. Check out the CFTCs GMAC and you'll find your culprits.
D just introduced a bill for crypto to report off-chain activities. Wallst owned media and this sub attacked it without even knowing why. Off chain activities are mostly used for tokenization of real world assets/RWAs) like stocks, bonds, mortgages, pension retirement funds, us treasuries, ect... you know.. things humans need. Cftc nearly gave ftx full control of our commodities markets mere weeks before it collapsed. Now Pham at cftc set up GMAC(ftx on crack).. its actually all of ftx creditors. They're trying again to take over our markets(RWAs) with off chain deregulated crypto. It's how I found out Sullivan was advising the FED. Oh yea, FED also recently released a market risk report about tokenization of RWAs and admits that it's a systemic threat. This is bond villain shit. Financial warfare. I only found out about this stuff because FTX tokenized(counterfeited) my stocks into solana and wrapped eth with binance and jump trading. They hacked our tradfi. Those banks gave them fedwire access to our tradfi. It destroyed them. This is a giant bubble of shit.
Money is powerful. Wait for the FTX case. They tokenized our stock market and cftc almost let them crash our economy. Now CFTC setup GMAC. Go look at who sits on the board of GMAC.
That's what FTX said when they illegally tokenized my stocks. GMAC can fuck themselves.