The Stellar Development Foundation (SDF), the non-profit organization behind the Stellar blockchain, has announced that it has joined the Global Markets Advisory Committee (GMAC) of the United States Commodity Futures Trading Commission (CFTC).
SDF will be one of four crypto-focused organizations on the GMAC, which is one of five active advisory committees overseen by the CFTC.
The GMAC includes representatives from traditional finance players such as J.P. Morgan, Goldman Sachs, and BlackRock.
SDF plans to bring a focus on Layer 1 protocols and remittances, as well as highlighting the role of stablecoins in the digital asset markets and real-world use cases.
The GMAC is tasked with guiding the CFTC on issues related to the integrity and competitiveness of US markets, as well as regulatory challenges of global marketplaces.