Crypto

CME CEO warns crypto perpetual futures could wipe out retail investors

CME Group CEO Terry Duffy (테리 더피) voiced strong concern about U.S. regulators approving crypto perpetual futures, warning they could pose excessive risks to retail investors and harm financial market stability. He said the products often offer leverage of up to 50 times, meaning a 2 percent adverse price move can trigger full liquidation. Duffy also criticised the review process as rushed and said retail investors may not understand funding fees or automatic liquidations.

Crypto

U.S. Republican senators urge review of bank capital rules for bitcoin holdings

Republican U.S. senators urged financial regulators to revisit bank capital rules for digital assets, saying current standards impose excessive burdens on holdings such as bitcoin. A joint letter sent on May 27 to the Federal Reserve, FDIC and OCC called for a fairer, more consistent framework for digital assets on banks’ balance sheets. Lawmakers also questioned the Basel Committee’s 1,250 percent risk weight for certain cryptocurrencies.