Adam Forsyth

CFTC launches innovation task force to shape US crypto, AI and prediction markets rules

The Commodity Futures Trading Commission has launched an Innovation Task Force aimed at building clearer rules for firms developing products tied to crypto, blockchain, artificial intelligence, autonomous systems, prediction markets, and event contracts in US derivatives markets. The task force will work alongside the CFTC’s Innovation Advisory Committee and coordinate with other federal agencies, including…

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Can RLUSD Enhance Settlement Speeds? (Report)

This announcement aligns with the recent expansion in Australia to push RLUSD as a settlement asset for institutional use. Ripple continues to make moves across different markets, aiming to use its RLUSD stablecoin to accelerate its cross-border trade payments. According to a recent report, the company behind XRP has tapped supply chain finance firm…

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Circle stock drops nearly 20% as CLARITY Act draft targets stablecoin yield

Circle shares dropped nearly 20% Tuesday, falling toward the $100 level after a CoinDesk report revealed new draft language in the CLARITY Act that would ban yield on stablecoin balances. The proposed rules would prohibit issuers from offering passive rewards for simply holding a stablecoin and restrict structures that resemble interest-bearing deposits. While activity-based rewards…

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