šØ STOCK EXCHANGES COULD RUN ON BLOCKCHAIN
CFTC Chair Mike Selig says on-chain markets could soon go mainstream in the United States as crypto legislation moves closer to becoming law.
His goal is to create a āpermissionless innovationā environment, where builders donāt need to ask regulators for approval every time they launch something new.
He also says thereās no reason major exchanges like NYSE, Nasdaq, or CME couldnāt run markets on blockchain infrastructure, just as reliably as todayās traditional databases.
In other words, the future may not just be crypto assets on blockchainā¦
It could be the entire financial market moving on-chain.
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