Share this article
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.
Make us preferred on Google
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.
STORY CONTINUES BELOW
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.”
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Japan ETFs said likely to trade by 2028 as SBI, Nomura ready products
The Financial Services Agency is moving to classify crypto as an eligible asset for exchange-traded funds, with potential inflows reaching $6.4 billion, according to Nikkei.
What to know:
- Japan’s Financial Services Agency plans to allow cryptocurrency exchange-traded funds, and products could list in 2028, Nikkei reported.
- FSA approval could potentially give retail investors access to bitcoin and other digital assets under the Investment Trust Act.
- SBI Holdings and Nomura Holdings have expressed interest in offers ETFs, and any products would also need a go-ahead from the Tokyo Stock Exchange.
Top Stories
