Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, CFTC chair Michael Selig said the regulator will soon address how to handle perpetual futures contracts for cryptocurrencies. Meanwhile, a new working paper from the European Central Bank has some stark warnings about the impact of stablecoins on European banking and policymaking, and Iran crypto exchange Nobitex saw a 700% rise in crypto outflows within minutes of the US-Israel attack.
Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), said the agency will soon address how to handle perpetual futures contracts for cryptocurrencies.
In a Tuesday panel hosted by the Milken Institute in Washington, DC, Selig said that the CFTC was working toward getting “true perpetual futures” in the United States “within the next month or so.”
