According to Jason Chlipala, chief operating officer of Stellar, the foundation will present the committee with the distinct viewpoint of Layer 1 and showcase use cases for stablecoins.
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.
CFTC commissioner Caroline Pham is the new sponsor of the GMAC. The first meeting under her sponsorship will be devoted to organizational issues. “Potential topics relating to global market structure and digital asset markets for the GMAC to prioritize in making policy recommendations to the CFTC” will also be discussed.
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