The Stellar Development Foundation (SDF) has become the newest member of the United States Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC), the blockchain announced on its blog.
The committee is preparing to meet on Feb. 13 for the first time in over a year.SDF supports the Stellar blockchain, which is used for crypto-fiat transfers.
The foundation will be represented on the committee by chief operating officer Jason Chlipala. He wrote in the company blog that “we hope to bring the unique perspective of Layer 1 protocols” to the GMAC and:Stellar is the issuer of the Stellar (XLM) coin and creator of the Stellar Aid Assist program that “enables aid organizations to deliver cash assistance to vulnerable populations.” It joins crypto-oriented GMAC members CoinFund, Uniswap Labs and the Chamber of Digital Commerce.
Traditional finance giants including HSBC, Goldman Sachs and BlackRock are also represented on the 36-member committee.Related: MoneyGram’s USDC transfer service launches in several countriesCFTC commissioner Caroline Pham is the new sponsor of the GMAC.Read more on cointelegraph.com