According to Morrison & Foerster partner Alfredo B.D. Silva in the GlobalCapital article “LedgerX wins CFTC approval as crypto derivatives come of age,” the SEC’s recent guidance on initial coin offerings won’t have a significant impact on the cryptocurrency derivatives market.
“Our long-standing investor clients are not interested in spot purchases of cryptocurrency,” he said. “They are looking at exotic derivatives to hedge their strategies, and need CFTC regulated platforms to engage in these.”
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