News

According to Odaily, six U.S. Democratic senators have sent a letter to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, requesting that he explicitly “categorically ban” any prediction market contracts that are directly related to or highly associated with individual deaths. They stated that such products “incentivize bodily harm or death” and constitute a “dangerous national security risk.” The senators cited several cases, including Polymarket’s contract on whether “Artemis II will explode,” contracts regarding the fate of Venezuelan President Maduro, and contracts related to the Russia-Ukraine war. The CFTC has recently filed legal documents with the federal appeals court emphasizing its “exclusive jurisdiction” over the U.S. commodity derivatives market, but has not yet made a public response to the letter. (CNBC)

PANews, February 24 — According to Businesswire, WisdomTree has announced that its WisdomTree U.S. Treasury Money Market Digital Fund (WTGXX) now offers 24/7 trading and instant settlement. This marks the first time that registered tokenized mutual fund shares have been approved within the U.S. regulatory framework to enable 24/7 trading and instant settlement through a dealer-agent liquidity model. The launch of this feature required coordination of multiple regulatory approvals, with several WisdomTree entities receiving exemptions from the U.S. Securities and Exchange Commission (SEC). In addition, WisdomTree's broker-dealer subsidiary, WisdomTree Securities, has received approval from the Financial Industry Regulatory Authority (FINRA) to expand its broker-dealer business to proprietary trading of registered fund shares. Initially, this will enable 24/7 liquidity for tokenized money market fund shares, with settlements conducted using stablecoins.

BlockBeats News, February 24, Federal Reserve's Bullard stated that he is optimistic about further rate cuts this year, provided that the inflation rate begins to return to target levels. (Forex Live)