In prepared remarks for a Cato Institute event on Sept. 7, CFTC commissioner Caroline Pham proposed launching a pilot program in an effort to tackle U.S. crypto regulation.
Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission , has suggested a limited pilot program in an effort to address crypto regulation.that following public roundtable discussions she planned to propose a pilot program for digital asset markets, claiming the U.S. may soon need to “play catch-up” to crypto-friendly jurisdictions. She suggested that 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 under our existing laws and regulations,” said Pham. “It is my hope that a pilot to test, gather data, and develop a pragmatic approach to tokenization can ensure we continue to uphold our mandate to fostering open, transparent, competitive and financially sound markets.”
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