Michael Selig Calls Compute the Most Important Commodity as CFTC Seeks Comment
The Commodity Futures Trading Commission (CFTC) has requested public comment on compute derivatives contracts, its formal move toward overseeing a market that prices the computing power behind artificial intelligence. The regulator announced the request on August 19, as the Chairman told a White House gathering that he wants the United States to dominate compute markets. The post Michael Selig Calls Compute the Most Important Commodity as CFTC Seeks Comment appeared first on BeInCrypto.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Binance Employees Detained in UAE Despite $2 Billion Emirati Backing
Binance runs its global exchange under Abu Dhabi’s regulator. Emirati police still detained two of its employees over financial crime inquiries, the New York Times reported. All have been released. A third staff member, who leads the company’s Dubai arm,…