CFTC Chairman: Increased interest in cryptocurrencies or spawn more new clearing houses

The US Commodity Futures Trading Commission (CFTC) expects more companies to apply to become federally regulated clearing houses, thanks to increased interest in cryptocurrencies. On May 1, CFTC Chairman J. Christopher Giancarlo said at the House Agriculture Committee that the CFTC-regulated clearing house is "a key single point of risk in the global financial system" and will maintain its growth momentum and change. It is more complicated. These entities are regularly reviewed to identify any issues that may affect their ability to monitor risk. In this area, protecting cryptocurrencies will be one of the biggest risks.