The post SOL, Coinbase CEOs to CFTC Committee appeared on BitcoinEthereumNews.com. SOL CEO Yakovenko in CFTC Innovation Committee The Commodity Futures Trading The post SOL, Coinbase CEOs to CFTC Committee appeared on BitcoinEthereumNews.com. SOL CEO Yakovenko in CFTC Innovation Committee The Commodity Futures Trading

SOL, Coinbase CEOs to CFTC Committee

SOL CEO Yakovenko in CFTC Innovation Committee

The Commodity Futures Trading Commission (CFTC) has included top executives from crypto companies like Coinbase and Ripple in its Innovation Advisory Committee. This 35-member committee will shape CFTC’s policy-making process according to market realities. CFTC Chairman Mike Selig stated that the committee will ensure clear rules for the Golden Age of American financial markets. The committee was established in January, replacing the former Technology Advisory Committee, and will examine the impact of new technologies on derivatives markets.

20 of the committee members are connected to crypto companies, at least five from prediction markets. Among them are Solana Labs CEO Anatoly Yakovenko, who is important for SOL detailed analysis, Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Uniswap CEO Hayden Adams, Gemini CEO Tyler Winklevoss, Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour, Crypto.com CEO Kris Marszalek, Blockchain.com CEO Peter Smith, Robinhood CEO Vladimir Tenev, Grayscale CEO Peter Mintzberg, and Anchorage Digital CEO Nathan McCauley. Executives from Nasdaq, Intercontinental Exchange, Cboe Global Markets, CME Group, Kraken, Bullish, Paradigm, DraftKings, and the US Depository Trust and Clearing Corporation are also included. CFTC is signaling a more open approach to crypto and has initiated coordination with the SEC.

Source: Chris Dixon

SOL Technical Outlook and Market Impacts

SOL is featured in Goldman Sachs’ $108 million portfolio (BTC $1.1B, ETH $1B, XRP $153M), providing a positive signal for futures with the CFTC committee. February 9 ETF flows showed BTC $144.9M inflow, ETH $57M inflow. SOL price $78.96, 24h -1.52%, RSI 26.20 (oversold), downtrend, Supertrend bearish. Supports: $67.50 (strong), $78.45 (near). Resistances: $80.44 (strong), $89.85. The CFTC development is critical for SOL futures.

SOL News Flow

  • CFTC committee promises regulatory clarity by including SOL CEO.
  • Goldman Sachs increased its SOL accumulation, institutional interest is growing.
  • Bearish pressure continues above EMA20 $96.44.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/sol-coinbase-ceos-to-cftc-committee

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