CFTC Commissioner proposes cryptocurrency regulatory pilot program

ChainCatcher news, according to The Block, U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham has proposed a pilot program to regulate cryptocurrency. Caroline Pham stated that based on previous pilot initiatives, this approach will ensure market integrity and fair access, promote liquidity and competition, address potential conflicts and risks, and prevent fraud, abuse, and manipulation.

In addition, Caroline Pham explained that the pilot program will first establish a stakeholder roundtable, after which the CFTC will propose and pass rules regarding registration requirements and risk management. Finally, the CFTC will review the data and then consider whether to change its rules.