Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee

Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee


The firm behind XRP competitor Stellar (XLM) will represent the digital asset industry in the Commodity Futures Trading Commission’s (CFTC) relaunched Global Market Advisory Committee (GMAC).

In a new company blog post, the Stellar Development Foundation says it will be one of four crypto-related firms to join the committee alongside representatives of traditional finance.

“The inclusion of digital asset markets in the GMAC’s priorities demonstrates the importance of blockchain and crypto to the future of U.S. markets.

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The Stellar Development Foundation will be one of the four crypto-focused organizations – and the only one representing a blockchain – to join representatives from traditional finance players such as J.P. Morgan, Goldman Sachs, and BlackRock.”

Stellar says that since they are the only firm on

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