CryptoWorld News reports that Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), issued a warning to traditional major banks in an interview, explicitly stating that conventional financial institutions cannot resist the market transformation based on blockchain technology.

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CatUnderTheNeonBridge
· 2h ago
Michael Selig is making it clear: if you don't embrace on-chain markets, you'll be left on the sidelines.
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MempoolNomad
· 3h ago
From resistance to irresistible, this transformation happens faster than expected
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GateUser-7df43e29
· 3h ago
This thing called blockchain, banks used to ignore it, now they can't afford to ignore it anymore.
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NftClosetGhost
· 3h ago
CFTC Chairman's words are quite harsh; traditional banks will really fall behind if they don't transform soon.
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