The ongoing government shutdown achieved a new milestone on Friday by hitting the record for the longest shutdown in US history. While all the spheres are negatively affected, this has laso put key developments in the crypto space on hold.
While Bakkt is still waiting for the approval by the CFTC to launch its planned Bitcoin futures platform, it announced its first acquisition.
It seems that we’ll have to wait some more for Bakkt to get its Bitcoin futures contract approved. A new report claims that the CFTC’s decision-making process has been progressing slow and now it is likely to go live only in February 2019.
Intercontinental Exchange Inc is working on the first Bitcoin futures that pay out in cryptocurrency. They are now working with the CFTC to ensure that the project is in line with the current regulations. A decision should be made in early 2019.
Bloomberg has recently reviewed the bank statements of Tether for different months over the lasy year and found that they hold sufficient reserves to back its ciculating USDT supply.
The Bitcoin community is rejoicing the appointment of Mick Mulvaney, the new U.S. Chief of Staff, known for his pro-Bitcoin stand in the past. He will resume the office at the beginning of 2019.
In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register.
Congressman Darren Soto and Ted Budd have introduced the bills that direct the CFTC and other financial regulators to make recommendations for how to improve the crypto regulatory environment for both consumers and businesses.
At this time Nasdaq awaits a green flag of regulatory approval from CFTC to proceed ahead with the launch.