#backpack us

[rwatimes]

Backpack US taps former SEC chairman Piwowar for board as it eyes regulated crypto perps

➤ Backpack US has appointed former SEC acting chairman Michael Piwowar to its board to bolster its regulatory expertise as it aims to offer regulated perpetual futures trading in the US. ➤ This move aligns with the growing trend of bringing crypto derivatives into a regulated US framework, following approvals for similar products by the CFTC and plans from other exchanges. ➤ Backpack US emphasizes a compliance-first approach, aiming to capture the market for crypto derivatives by operating within established rules, including plans for tokenized equities.

[rwatimes]

Backpack US Adds Former SEC Chair Michael Piwowar To Its Board - Crypto Economy

Backpack US added Michael S. Piwowar, former acting SEC chair, to its board of directors to strengthen its regulatory compliance and position.

➤ Backpack US has appointed former SEC Acting Chair Michael Piwowar to its board to bolster regulatory compliance and market positioning. ➤ The exchange plans to expand perpetual trading in the US following CFTC approval of bitcoin perpetual futures and has launched a stock trading platform. ➤ Backpack also revealed plans for an IPO with a corporate treasury model and a staking mechanism tied to corporate equity.