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DeFi to Go Under Microscope at US CFTC Advisory Group’s Opening Session
The derivative regulators’ Technology Advisory Committee will examine DeFi among other tech priorities at a March 22 meeting.
Updated Mar 1, 2023, 9:11 p.m. Published Mar 1, 2023, 8:51 p.m.
Decentralized finance (DeFi) will be the first topic discussed at the opening meeting of the Commodity Futures Trading Commission’s Technology Advisory Committee on March 22, further cementing the cryptocurrency sector as a priority for the U.S. derivatives regulator.
“A discussion about DeFi, including cyber vulnerabilities, indicators of ‘decentralization,’ digital identity and unhosted wallets, will contribute to ongoing policy discussions in Washington, D.C., and beyond the Beltway,” said Commissioner Christy Goldsmith Romero, the CFTC sponsor for the new incarnation of this advisory group, in a statement.
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The CFTC has been devoting increasing attention to the crypto sector, especially as the agency seeks novel powers to oversee the non-securities crypto spot market.
Another of the CFTC’s advisory committees, the Global Markets Advisory Committee overseen by Commissioner Caroline Pham, met on Feb. 13 to discuss digital assets issues during its initial meeting. She argued that crypto is “truly borderless,” and policymakers “need to understand what is happening at the international level.”
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules
The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.
What to know:
- The Commodity Futures Trading Commission granted several prediction-market firms certain regulatory leeway in meeting derivatives rules, suggesting they won't get into enforcement trouble if they do business as intended.
- The no-action letters went to Polymarket, PredictIt, Gemini and LedgerX/MIAX.
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