London Stock Exchange Will Clear Crypto Trades

So, what will Gensler and Warren do in response to this?

Somewhere, Elizabeth Warren is tearing her hair out.

That's because as the Democratic senator continues to wage war on the crypto industry, news from across the pond has helped add another brick of legitimacy to the ecosystem. It was reported yesterday that the clearinghouse arm of the London Stock Exchange Group, LCH, is going to be offering clearing services for cash settled bitcoin index futures and options.

The announcement was made via press release, late Thursday U.S. time.

Clearing "will be made available through a new segregated clearing service, LCH DigitalAssetClear," the release said. "The offering has been developed by GFO-X, a UK digital asset derivatives trading venue approved as a multilateral trading facility by the Financial Conduct Authority, and LCH SA, in close consultation with market participants, to ensure their digital asset derivatives trading and clearing requirements can be met within a secure, highly regulated environment."

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