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The Commodity Futures Trading Commission (CFTC) has named Aptos co-founder and CEO Mo Shaikh to its subcommittee on digital assets.  The CFTC’s Digital Assets Subcommittee is part of a larger committee made up of industry representatives who will advise the agency on rulemaking and regulation.  Aptos CEO Appointed To Digital Assets Subcommittee  The Digital Assets Subcommittee will operate under the Global Markets Advisory Committee (GMAC). Established in 1998, the GMAC consists of financial executives, including higher-ups from institutions such as…

The post Aptos Labs CEO Mo Shaikh Joins CFTC’s Digital Assets Subcommittee appeared first on Coinpedia Fintech News The Commodities Futures Trading Commission (CFTC) has appointed Mo Shaikh, co-founder and CEO of Aptos Labs, to its Digital Assets Markets Subcommittee. This committee, part of the Global Markets Advisory Committee, advises the CFTC on international trade and regulation. Shaikh’s inclusion signifies Aptos’ growing market influence. The subcommittee also features leaders from BlackRock, Polygon Labs, and Uniswap Labs. Previously, Shaikh had emphasized…

Ripple’s CEO is convinced the firm is ready to go public through the IPO route. The Ripple boss is, however, convinced that SEC Chair Gary Gensler needs to be fired. The CEO of Ripple Labs Inc. Brad Garlinghouse says the company is now ready for an Initial Public Offering (IPO) launch. However, the company insists on removing Gary Gensler as Chairman of the Securities and Exchange Commission (SEC) for that to happen. Ripple CEO on IPO Prospects: Gensler’s Resignation Tops…

Garlinghouse sees the XRP ETF as inevitable and crucial for crypto adoption. Fink’s comments fuel speculation on Blackrock’s potential XRP ETF. During his interview at Consensus 2024, Ripple CEO Brad Garlinghouse said that an XRP exchange-traded fund (ETF) is inevitable. He underlined that it is only a matter of time before many more crypto assets obtain approval for similar fund offerings. Garlinghouse’s statements indicate a rising trust in the expanding acceptability and integration of digital assets into traditional financial markets.…

The post Ripple CEO Considering IPO Outside OF U.S. Until Gensler Is In Chair Position appeared first on Coinpedia Fintech News The legal battle between Ripple and the SEC has intensified as Ripple seeks to keep its financial data confidential amidst the SEC’s pursuit of $2 billion in penalties related to Ripple’s XRP sales. Amidst of this Ripple CEO Brad Garlinghouse drops hints about considering overseas jurisdictions for a potential Initial Public Offering (IPO) during an interview at the 2024…

Terraform Labs and CEO Do Kwon reach a preliminary settlement with the SEC over allegations of misleading investors. The settlement terms are set to be finalized and submitted for court approval by June 12, 2024. According to the Securities and Exchange Commission v. Terraform Labs case, as documented in Court Listener last updated on May 30, 2024, the lawyers representing both parties announced a settlement in principle during a telephone conference before Judge Jed Rakoff. The details are to be…

Cathie Wood highlights crypto’s pivotal role in US politics for the 2024 presidential elections, attributing the swift approval of the spot Ethereum ETF by the SEC to this trend. Wood reaffirms ARK Invest’s commitment to making Bitcoin accessible to a wider audience through the ARK 21Shares Bitcoin ETF. Crypto market proponent and ARK Invest CEO Cathie Wood stated that crypto has now taken the center-stage in US politics for the 2024 presidential elections. This was typically the reason behind the…

Cardano Executive sees the inevitable overhaul of financial markets using blockchain. Cardano might play a very significant role in driving this overhaul. Frederik Gregaard, CEO of the Cardano Foundation envisions a future where blockchain technology will be used in transforming financial markets. In an X post, Gregaard paints a picture of a financial ecosystem with solid products, built with the customer in mind and free from the constraints of the traditional infrastructures. Cardano Exec on Evolution of Financial Markets The…

The post Mt. Gox CEO Karpelès Confirms: ‘Everything Is Fine’ Amid Bitcoin Transfers appeared first on Coinpedia Fintech News In a significant move, the Mt. Gox cold wallet has transferred 12.24k BTC, valued at around $840 million, to an unmarked address. This is the first such movement from Mt. Gox since July 2019, resulting in several questions and speculations about the implications for the cryptocurrency market. Official Statements Confirms There’s Nothing To Worry About Mt. Gox Trustee Nobuaki Kobayashi released…