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Tag Archives: Jeb Hensarling

CME Launching Bitcoin Futures; Hensarling Leaving Congress; Euronext Renews LCH Deal John Lothian Newsletter,Newsletter

First Read Are you on the right side of Bitcoin history? By John Lothian of JLN Shortly after JLN was published yesterday the news broke that the CME Group would be listing bitcoin futures in the fourth quarter of the year, joining the Cboe in such an offering. The price of bitcoin surged to new highs. Why did the price go up? Because a new group of suckers,…errr, new traders would be reached with this news and want to buy bitcoin. Why would they want to buy it? Because it is going up, of course. Greed. Why are the CME…

The New Dodd-Frank? Feature

Today’s headlines focused on a Dodd-Frank Act repeal or overhaul under the Trump administration. Many in the industry may find this welcome news, as this industry has battled its way through six years of Dodd-Frank rules in the US. Details are fuzzy at best right now, but another plan is starting to get some traction as a possible replacement. The Financial CHOICE Act – the corny acronym that could only be made in Washington – stands for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs. It is a bill introduced over the summer by House Financial Services Committee Chairman…