Today, the @CFTC took an important step toward bringing regulated onchain markets to the United States: firms can now keep required records on a public blockchain without being required to maintain a separate offchain copy.
The CFTC also clarified that firms can invest customer funds in tokenized versions of investments that are already permitted.
That matters because a regulated firm can now use a public blockchain as its system of record, where every entry is transparent, tamper-evident, and verifiable by anyone. Those are the assurances the CFTC’s recordkeeping rules exist to provide, and public blockchains deliver them by design.
In July, HPC and @phantom asked the CFTC to provide this clarity. Today, the CFTC delivered.
Excited to share that I’ve joined @HyperliquidPC as Head of Government Relations.
After more than a decade working at the intersection of policy, agriculture, commodities, and advocacy, I’m looking forward to bringing that experience to a new set of challenges.
There’s a real opportunity to shape how onchain markets develop in the U.S., and to make sure the policy frameworks around them are clear, workable, and informed by the people and industries that rely on our markets every day.
Thrilled to be working with HPC’s rockstar team, @jchervinsky, @adam_minehardt, @salahghazzal, @BradBourque, @itsgolovina, and @siannabird!