|

CFTC is in early talks with Facebook regarding its GlobalCoin

  • The social media giant, Facebook is in early stage talks with the CFTC regarding its stable coin.
  • Facebook is keen to understand whether its coin will fit into the CFTC’s regulatory remit.

The social media giant Facebook is reportedly in talks with the regulator, CFTC, regarding their cryptocurrency, GlobalCoin. Reports are suggesting that they have initiated talks, but still early days at present.

Christopher Giancarlo, the Chairman of the CFTC, said that the conversation is still within early stages. Detailed that the goal for these talks is to understand whether Facebook’s stable coin, ‘Globalcoin’ will potentially fit within the CFTC’s regulatory remit.

He said:

We’re very interested in understanding it better. We can only act on an application, we don’t have anything in front of us.

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Bitcoin Weekly Forecast: No recovery in sight 

Bitcoin price continues to trade sideways between $65,729 and $71,746, extending its consolidation since February 7. US-spot ETFs record an outflow of $403.90 million through Thursday, pointing to the fifth consecutive week of withdrawals.

Pi Network Price Forecast: PI recovery stalls amid profit-taking

Pi Network tests 50-day EMA support on Friday, after a 5% decline the previous day. PiScan data shows large deposits on CEXs totaling over 4 million PI tokens in the last 24 hours, reflecting an exodus of investors taking profits.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.