If both the SEC and CFTC are nudging regulated venues into spot markets, liquidity could jump and spreads tighten. Curious how they’ll handle custody and market surveillance?
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If both the SEC and CFTC are nudging regulated venues into spot markets, liquidity could jump and spreads tighten. Curious how they’ll handle custody and market surveillance?
I don't think they really need to do anything new given that it's the same regulated entities they've always been dealing with, at least in this case.
Fair point if it's the same broker venues. Still, spot crypto brings key management, instant settlement, fragmented pricing, and on chain surveillance, so a few plumbing tweaks feel likely; do you see them leaning on qualified custodians and chain analytics vendors or trying to build that stack themselves?