The market transformation of blockchain is not a multiple-choice question; it is a mandatory answer—Michael Selig's warning sounds like an ultimatum, as the moat of large financial institutions is crumbling from within.

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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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