US regulatory clarity started in court after Ripple win: CFTC commissioner
CFTC Commissioner Caroline Pham says recent court notices regarding digital assets and securities are a first step Towards Crypto Regulatory Clarity.
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Caroline Pham, Commissioner of the Commodities Futures Trading Commission (CFTC), believes that the path to clarity in crypto regulation in the United States was paved after Ripple's partial victory.
Speaking on Bloomberg TV on July 17, Commissioner Pham said that recent major court decisions regarding the classification of crypto assets will ultimately lead to regulatory clarification.
"You know, last year I said we were going to see regulatory clarity first in the courts around the definition of a title, and I think we've seen that with very great court opinions that have been published."
Pham said she looks forward to participating in regulatory task forces and hopes other U.S. regulators, such as the Securities and Exchange Commission, will work together to deliver a "holistic approach" to regulation of cryptography.
Pham's comments come days after San Francisco-based fintech firm Ripple won a key partial victory in an ongoing court battle in which the SEC accused it of selling unregistered securities.
Judge Analisa Torres of the Southern District of New York ruled on July 14 that XRP is not a security when sold to retail investors on digital asset exchanges.
Thank you @BloombergTV for the opportunity to talk about our important GMAC initiatives! Beyond crypto, institutional markets and central banks are considering the tokenization of real assets like bonds. Today we heard about international, US and European developments and key takeaways. https://t.co/cWTShDy2Bf
— Caroline D. Pham (@CarolineDPham) July 18, 2023The rule...
CFTC Commissioner Caroline Pham says recent court notices regarding digital assets and securities are a first step Towards Crypto Regulatory Clarity.
News
Join us on social networks
Caroline Pham, Commissioner of the Commodities Futures Trading Commission (CFTC), believes that the path to clarity in crypto regulation in the United States was paved after Ripple's partial victory.
Speaking on Bloomberg TV on July 17, Commissioner Pham said that recent major court decisions regarding the classification of crypto assets will ultimately lead to regulatory clarification.
"You know, last year I said we were going to see regulatory clarity first in the courts around the definition of a title, and I think we've seen that with very great court opinions that have been published."
Pham said she looks forward to participating in regulatory task forces and hopes other U.S. regulators, such as the Securities and Exchange Commission, will work together to deliver a "holistic approach" to regulation of cryptography.
Pham's comments come days after San Francisco-based fintech firm Ripple won a key partial victory in an ongoing court battle in which the SEC accused it of selling unregistered securities.
Judge Analisa Torres of the Southern District of New York ruled on July 14 that XRP is not a security when sold to retail investors on digital asset exchanges.
Thank you @BloombergTV for the opportunity to talk about our important GMAC initiatives! Beyond crypto, institutional markets and central banks are considering the tokenization of real assets like bonds. Today we heard about international, US and European developments and key takeaways. https://t.co/cWTShDy2Bf
— Caroline D. Pham (@CarolineDPham) July 18, 2023The rule...
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