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The push to prepare U.S. markets for ‘mass tokenization’

Coin Bureau reports that CFTC Chairman Selig expects the next decade will likely bring more change to financial markets than the previous several decades combined, as blockchain and AI adoption scales up.

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2 Sources, 8d ago, first seen 8d ago

TLDR

Coin Bureau reports that CFTC Chairman Selig told the U.S. Treasury Market Conference that U.S. markets must prepare for “mass tokenization” as blockchains and AI are “adopted at scale.” It quotes him predicting that the next decade will likely bring more change to financial markets than the previous several decades combined. Coin Bureau also says the CFTC expanded eligible collateral to include stablecoins in February and is looking to drive further adoption across exchanges and clearinghouses.

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2 Sources, first seen 8d ago

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Featured Source

Combined views

140.2K

2 Sources, first seen 8d ago

3.7K likes135 comments331 saves887 reposts

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2 Sources

@ChairmanSeligThe United States is the financial markets capital of the world. We have innovative firms, world-class exchanges, strong market participants, and now, regulators committed to promoting market integrity while supporting responsible innovation. Those advantages will help ensure the US continues to lead on the new frontier of finance.
@coinbureau🇺🇸 JUST IN: CFTC Chairman Selig says US markets must prepare for "mass tokenization" as blockchains and AI are "adopted at scale." Selig told the US Treasury Market Conference that "the next decade will likely bring more change to financial markets than the previous several decades combined." The CFTC expanded eligible collateral to include stablecoins in February and is looking to drive further adoption across exchanges and clearinghouses.
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    2 Sources

    @ChairmanSeligThe United States is the financial markets capital of the world. We have innovative firms, world-class exchanges, strong market participants, and now, regulators committed to promoting market integrity while supporting responsible innovation. Those advantages will help ensure the US continues to lead on the new frontier of finance.
    @coinbureau🇺🇸 JUST IN: CFTC Chairman Selig says US markets must prepare for "mass tokenization" as blockchains and AI are "adopted at scale." Selig told the US Treasury Market Conference that "the next decade will likely bring more change to financial markets than the previous several decades combined." The CFTC expanded eligible collateral to include stablecoins in February and is looking to drive further adoption across exchanges and clearinghouses.
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