Today in crypto, Crypto executives have flooded the ranks of a CFTC advisory panel, the Trump family-backed World Liberty Financial plans to offer its users foreign currency exchange and remittance services and the UK chose appointed HSBC Orion for its tokenized digital bond pilot.
CFTC adds slew of crypto execs to advisory committee
Commodity Futures Trading Commission chairman Mike Selig said on Thursday that it has expanded its Innovation Advisory Committee that shapes the regulator’s policies, adding a slew of crypto executives to the 35-member panel.
Selig said the committee will “ensure the CFTC’s decisions reflect market realities” and enable it to “develop clear rules of the road for the Golden Age of American Financial Markets.”
Of the 35 members making up the committee, 20 are tied to companies involved in crypto, while at least five are involved in prediction markets, and includes Polymarket CEO Shayne Coplan, Kalshi CEO Tarek Mansour along with Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, among others.
The panel also includes executives at traditional finance companies Nasdaq, Intercontinental Exchange, Cboe Global Markets and CME Group.
The appointments come as Selig has signalled the CFTC will be more receptive to crypto and has started work with the Securities and Exchange Commission to coordinate on how to regulate the sector.
Trump family's WLFI plans FX and remittance platform: Report
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by the family of US President Donald Trump, announced on Thursday that it will launch foreign currency exchange (FX) and remittance services for its users.
The planned foreign exchange and remittance platform, called World Swap, seeks to challenge traditional remittance and FX service providers with lower fees and a simplified user interface, according to Reuters.
No exact timeline was given for the rollout. Cointelegraph reached out to World Liberty Financial but did not receive a response by the time of publication.
The expansion into FX and remittances follows WLFI's application for a national trust bank charter in January and the launch of World Liberty Markets, a lending platform, as WLFI continues to grow while attracting scrutiny from Democratic lawmakers in the US.
UK government taps HSBC for tokenized bond pilot
The United Kingdom’s government has appointed HSBC’s tokenization platform to power a pilot issuance of digital government bonds, known as “gilts,” marking the latest step in its push to modernize sovereign debt markets using blockchain technology.
HM Treasury has appointed HSBC Orion to facilitate the Digital Gilt Instrument (DIGIT) pilot issuance, according to a Thursday announcement.
The Treasury published a DIGIT pilot update in July 2025, outlining plans to explore blockchain applications in UK sovereign debt issuance and to support the development of domestic tokenization infrastructure.
“We want to attract investment and make the UK the best place to do business,” said Lucy Rigby, UK Economic Secretary to the Treasury, commenting on HSBC Orion’s DIGIT appointment. She added that the pilot will help the UK explore how to capitalize on distributed ledger technology (DLT), enhance efficiency and reduce costs for businesses.
The DIGIT pilot aims to enable digitally native, short-dated government bonds operating within the Digital Securities Sandbox (DSS).
The pilot is designed to support secondary market development and broader accessibility, with onchain settlement, while operating independently of the UK government’s main debt management program.
