Today,
@SECPaulSAtkins laid out his priorities for providing clarity to onchain markets, including this on clearing and settlement:
"When settlement is near-instantaneous and counterparty risk is managed algorithmically, the traditional clearing agency model requires fresh analysis."
Onchain clearing and settlement is one of the most significant financial infrastructure innovations of our generation.
HPC is encouraged to see a Chairman willing to map these systems to existing legal frameworks on their own terms, rather than force them into legacy categories built for legacy architecture.