The licence positions Ripple to expand into broader cryptoasset activities in the EU.
This should allow regulated stablecoins to operate in the UK from 2027.
Request for comment seeks input on topics including treatment of novel or emerging products.
Duffy argued that the Commodity Exchange Act defines futures as a contract with a delivery or expiration date.
They may remove expiration dates from existing digital commodity perp-style futures.
The trade-through rule is seen as one of the biggest barriers to tokenized U.S. equities trading in DeFi.
The SEC has proposed rescinding the trade-through rule.
SEC has proposed rescinding Rule 611 of Reg NMS, which contains the trade-through prohibition.
A structured framework is needed to evaluate if contracts are unlawful or contrary to the public interest.
