In recent crypto news, former CFTC commissioner Brian Quintenz's nomination to chair the US Commodity Futures Trading Commission (CFTC) faces uncertainty, with President Trump reportedly considering other candidates, including Josh Sterling and Mike Selig. Quintenz was initially seen as the frontrunner after his nomination in February. Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the need for open-source infrastructure across critical sectors such as healthcare and finance, warning against the risks of centralized systems which can lead to trust erosion and monopolization. Buterin highlighted the dangers of proprietary health tech while praising open initiatives like PopVax that enhance accessibility and transparency. In a significant regulatory development, the CFTC's Caroline Pham announced an initiative to permit stablecoins as collateral in derivatives markets, aligning tokenized assets with traditional forms of collateral. Pham stated this initiative acknowledges the future role of tokenized markets and is part of a broader effort to implement recommendations from the President’s Working Group on Digital Asset Markets. Feedback for this initiative will be accepted until October 20.

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