Stellar (XLM) Foundation selected for position on new CFTC advisory committee

The company behind Stellar (XLM), a rival to XRP, will represent the digital asset sector on the Global Market Advisory Committee of the newly reconstituted Commodity Futures Trading Commission (CFTC) (GMAC).

The Stellar Development Foundation will be one of four crypto-focused organizations, and the only one representing a blockchain, to join officials from traditional financial institutions such as J.P. Morgan, Goldman Sachs, and BlackRock.