Regulation
US CFTC To Hold CEO Forum For Crypto Pilot Program
The US Commodity Futures Trading Commission (CFTC) has made a major announcement as it relates to the crypto industry. The US CFTC plans to hold a CEO forum in which it plans to discuss the launch of its crypto pilot program.
US CFTC To Hold CEO Forum For Crypto Pilot Program
In a press release, the US CFTC announced that it would hold a CEO forum of industry-leading firms to discuss the launch of its digital assets pilot program for tokenized non-cash collateral such as stablecoins.
Crypto firms such as Circle and Ripple and the top crypto exchanges Coinbase and Crypto.com will participate in this forum. The Commission announced it would release further information on the CEO forum once the details are finalized.
Speaking on the development, Acting CFTC Chair Caroline Pham said,
I’m excited to announce this groundbreaking initiative for U.S. digital asset markets. The CFTC is committed to responsible innovation. I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
This move from the Acting Chair is also notable, as she had previously proposed a CFTC pilot program as a regulatory sandbox to provide regulatory clarity for the crypto industry. Meanwhile, the Commission has had success with such pilot programs which date back to the 1990s.
The US CFTC looks to be following in the steps of the US SEC which has already announced plans to provide regulatory clarity for the crypto industry. The SEC recently announced the launch of its crypto task force, which will help in providing clear regulations.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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