Tokenized Shares of BlackRock, Franklin Templeton’s Funds Could Soon Be Used as Collateral as CFTC Committee Sends Up Recommendations: Bloomberg
A subcommittee of the Commodity Futures Trading Commission’s Global Markets Advisory Committee has voted to pass recommendations on to the full committee. The full committee is expected to vote on the recommendations later this year, according to a report citing two individuals familiar with the matter.
The recommendations address important issues affecting global markets and aim to improve oversight and regulation in the industry. The subcommittee’s decision to move the recommendations forward is seen as a positive step towards enhancing transparency and stability in the global financial system.
Industry experts believe that the recommendations, if approved by the full committee, could have far-reaching implications for market participants and regulators alike. The CFTC plays a crucial role in overseeing derivatives markets, and any changes to its regulations could have significant impacts on the industry as a whole.
Overall, the approval of these recommendations by the subcommittee signals a potential shift in regulatory priorities within the CFTC. Market participants will be closely monitoring the full committee’s vote later this year to see how these recommendations may shape the future of global markets.
