CFTC Commissioner Calls for Crypto Regulatory Pilot Program
Commissioner Caroline Pham requested that the pilot program begin with a stakeholder roundtable and that the CFTC propose and adopt rules on risks for retail investors. face.
News Join us on social networksCaroline Pham, commissioner of the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.
In a pre-recorded message for a Cato Institute event on September 7, Pham said that following public roundtable discussions, she plans to propose a pilot program for digital asset markets, saying that the United States United may soon have to “catch up.” » to crypto-friendly jurisdictions. She suggested the program would be similar to regulatory sandboxes previously introduced at the state level.
“A pilot program can create a framework for emerging technologies and market structures within our existing laws and regulations,” Pham said. “I hope that a pilot project to test, collect data and develop a pragmatic approach to tokenization can ensure that we continue to deliver on our mandate of fostering open, transparent, competitive and financially strong markets.” p>
.@CarolineDPham calls on @CFTC to launch pilot program for digital asset markets.
Watch: https://t.co/lEAPm9CQLS #CatoEcon pic.twitter.com/ohpeAmcas2
— Cato CMFA (@CatoCMFA) September 7, 2023Pham called for a stakeholder roundtable and the CFTC to propose and adopt rules on crypto risks based on previous pilot programs. At the end of the program, the commission would determine whether to implement the changes permanently.
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Commissioner Caroline Pham requested that the pilot program begin with a stakeholder roundtable and that the CFTC propose and adopt rules on risks for retail investors. face.
News Join us on social networksCaroline Pham, commissioner of the United States Commodity Futures Trading Commission (CFTC), has suggested a limited pilot program in an effort to address crypto regulation.
In a pre-recorded message for a Cato Institute event on September 7, Pham said that following public roundtable discussions, she plans to propose a pilot program for digital asset markets, saying that the United States United may soon have to “catch up.” » to crypto-friendly jurisdictions. She suggested the program would be similar to regulatory sandboxes previously introduced at the state level.
“A pilot program can create a framework for emerging technologies and market structures within our existing laws and regulations,” Pham said. “I hope that a pilot project to test, collect data and develop a pragmatic approach to tokenization can ensure that we continue to deliver on our mandate of fostering open, transparent, competitive and financially strong markets.” p>
.@CarolineDPham calls on @CFTC to launch pilot program for digital asset markets.
Watch: https://t.co/lEAPm9CQLS #CatoEcon pic.twitter.com/ohpeAmcas2
— Cato CMFA (@CatoCMFA) September 7, 2023Pham called for a stakeholder roundtable and the CFTC to propose and adopt rules on crypto risks based on previous pilot programs. At the end of the program, the commission would determine whether to implement the changes permanently.
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