Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Former CFTC Chairman: "The Digital Asset Market Clarity Act" Has Greater Significance for the Banking Industry Than for the Crypto Sector
Deep Tide TechFlow News, March 9, According to CoinDesk, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo stated that the significance of the stalled Digital Asset Market Clarity Act for the banking industry far exceeds its impact on the crypto sector. He pointed out that banking legal advisors are informing boards that without regulatory certainty, they cannot invest billions of dollars in building digital payment infrastructure.
The bill has been at a standstill since January this year, with controversy over whether to allow crypto companies to pay rewards to stablecoin holders—banks worry this could lead to capital outflows and demand a “fair competitive environment,” while crypto companies like Coinbase strongly oppose this.
Giancarlo warned that if banks continue to resist, related crypto businesses will shift to Europe and Asia, leaving U.S. banks in a more passive position. He estimates the bill has about a 60-40 chance of passing but noted that both sides have missed the March 1 deadline set by the White House, and many issues remain unresolved.