Can vendors and CTAs escape the CFTC’s clutches?
Withdrawal of Sef perimeter advisory may provide greater flexibility for new breed of crypto tools
The question of what constitutes a trading venue has dogged regulators for decades. While the recent trend has been to widen the perimeter, pulling software vendors into regulated territory, the US now seems to be heading down a narrowing path instead.
For some operators who were caught up the rules in recent years, the relaxation may come too late to change their course. And a softer stance in
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