Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee

Foundation Behind XRP Rival Stellar (XLM) Tapped for Position on New CFTC Advisory Committee
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The firm behind stellar competitor xrp () will represent the digital asset industry in the revived Global Market Advisory Committee (gmac) raw material futures market (cftc).

In a new company blog post, the Stellar Development Foundation says it will be one of four crypto-related firms to join the committee alongside representatives of traditional finance.

In a new corporate blog post, the Stellar Development Foundation says it will be one of four crypto-related companies to join the committee alongside traditional finance officials.The inclusion of digital asset markets in the GMAC’s priorities demonstrates the importance of blockchain and crypto to the future of U.S. markets.

The inclusion of digital asset markets in GMAC's priorities shows how important blockchain and cryptography are to the future of U.S. markets.

The Stellar Development Foundation will be one of four crypto organizations – and the only blockchain organization – to join representatives of traditional financial actors like J.P. Morgan, Goldman Sachs, and BlackRock.”

The company also notes its intention not to usurp traditional finance.

Rather to work closely with the sector and build on it. "At SDF, the future of blockchain is not about supplanting traditional finance, but about building on the system that we have already created.

"At SDF, the future of blockchain is not about displacing traditional finance, but about building on the system we have already created.

This vision demands that blockchain and traditional finance work together and ensure that systems are interoperable to function in the most transparent way possible.

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