Commissioner Caroline Pham announced the pilot program to start a stakeholder roundtable and the CFTC to propose. Also, adopt new rules and risks that retail investors face.
United States Commodity Future Trading Commission’s commissioner has advocated for a limited pilot program to convey crypto regulation.
At the stakeholder’s roundtable discussion, Caroline Pham is planning to submit a pilot program for the digital asset markets. She claims the US may soon need to “play catch-up” to crypto-friendly jurisdictions. She also suggested and said the program would be equal to regulatory sandboxes like the one previously presented at the state level.
Caroline Pham said,
“A pilot program can create a framework for emerging technologies and market structures under our existing laws and regulations. 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 foster open, transparent, competitive, and financially sound markets”.
The proposed pilot program for the US lawmakers strives to clarify the crypto regulations roles of the CFTC and Securities and Exchange Commission.
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