Crypto News: Wu Shuo learned that the Blockchain Association, a U.S. crypto industry organization, submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC). It suggested allowing tokenized assets that meet risk standards and payment stablecoins to be used for margin and settlement, and adjusting the rules to accommodate 24/7 trading, real-time clearing, and on-chain recordkeeping. The association also called for establishing clear review procedures for registering decentralized finance (DeFi) and blockchain-related services, and said that front ends, non-custodial wallets, and software providers that have not actually taken on custodial or trading intermediary functions should not be deemed financial intermediaries solely for that reason.