According to Bitcoinist, Bakkt plans to launch a physical settlement of the Bitcoin futures contract on September 23. Jake Chervinsk, General Counsel of Compound Finance, said that he is optimistic about Bakkt. "It provides a way for large, risk-averse organizations to purchase and host Bitcoin in an end-to-end regulatory system approved by CFTC and NYDFS, and get good ICE. The support of the reputation. The regular lawyers are very happy.” The former litigator also pointed out that because the US SEC still needs to compete with it, there is still a long way to go.