CFTC commissioner floats pilot program for digital asset markets
By 
Aaron Nicodemus2023-09-08T18:31:00
A Republican commissioner at the Commodity Futures Trading Commission (CFTC) proposed the agency develop a regulatory pilot program for digital asset markets where new initiatives could be introduced and refined.
Caroline Pham put forward her proposal as part of a speech she delivered Thursday to the Cato Institute, a libertarian think tank.
“A pilot program can create a safe framework for emerging technologies and market structures under our existing laws and regulations,” she said. A program would help U.S. regulators “stay ahead of the curve” on digital assets, rather than fall behind more forward-looking agencies in other countries, she said.
Related articles
-
News BriefCFTC, French AMF reaffirm collaboration on market oversight
The Commodity Futures Trading Commission and France’s Autorité des marchés financiers signed a new agreement to continue collaboration regarding the supervision and oversight of firms that operate on a cross-border basis in the United States and France.
-
News BriefStoneX admits disclosure, supervision lapses in $650K CFTC settlement
Chicago-based swap dealer StoneX Markets agreed to pay $650,000 as part of a settlement with the Commodity Futures Trading Commission addressing admitted disclosure and supervision failures.
-
News BriefLinus Financial avoids penalty in SEC crypto securities case
Linus Financial avoided a civil penalty in reaching settlement with the Securities and Exchange Commission over its alleged failure to register the offer and sale of its crypto lending product.
More from Regulatory Policy
-
ArticleNavigate SEC cautiously during shutdown, experts advise
The U.S. government shutdown has brought most operations at the Securities and Exchange Commission (SEC) to a screeching halt, but that doesn’t mean compliance teams should be taking a breather, experts advised.
-
ArticleComplying with the EU Data Act – What companies should know
Companies could face significant compliance challenges in trying to meet new EU legal requirements about how companies share data with third parties.
-
ArticleCalifornia climate rules cause uncertainty as CARB delays draft guidance
California has delayed the release of draft greenhouse gas reporting rules for businesses until early 2026, the California Air Resources Board said.