CFTC Announces Public Roundtables to Discuss Crypto Markets
Caroline Pham, the acting chairman of the product futures The Trade Commission (CFTC) announced a plan to conduct a series of public round table discussions to collect opinions on various market issues, including issues related to cryptocurrencies.
The CFTC Round Table Conference will interact with industry leaders, market participants and public interest groups to discuss the trend and innovation of the development market structure.
The round table discussion in the encryption market
exist Notice Pham released today’s release of CFTC. CFTC will organize discussions on issues such as related entities and conflicts of interest, predicting markets and digital assets.
The round table meeting aims to improve transparency and public participation CFTC’s decision -making processEssence
“Innovation and new technologies have created the Renaissance in the market, providing new opportunities for more people and risks. CFTC will restore basic knowledge through the round table meeting of hosted employees. These employees will pass research, data, expert reports, and the public. Investment to formulate a strong administrative record.
These discussions will bring representatives of industry leaders, market participants, market structure experts, and public interest groups. The purpose is to open and transparent dialogue on key market issues.
According to the notice, CFTC will soon provide more detailed information about the date, time and specific themes of these round table discussions.
Less than a week ago, CFTC commissioner is elected as Pham After the inauguration of President Trump, the latest agent chairman of the regulatory agency. Earlier, Pham has been a CFTC commissioner since April 2022.
Pham Replaced the former CFTC Chairman Rostin BenhamUntil February 7, he will stay in CFTC. As the Senate confirmed, she would continue to lead CFTC until Trump nominated the permanent person in charge of regulatory agencies.
“Acting chairman Pham is attracting big dogs (industrial leaders, groups, and other stakeholders) to explore things like chaos such as conflicts of interest. This is to formulate clearer rules and maintain our competitiveness. These round table meetings can be possible Completely changing cryptocurrencies according to the law of law, so please open your eyes to update, “Mario Nawfal Write On X (previously Twitter).
Pham has been supporting friendly regulations for a long time. Join CFTC for one year, She delivered a very supportive speech to Kato CollegeEssence Among them, she outlines that CFTC should follow the same regulatory methods as the cryptocurrency market as other emerging asset categories.
According to Pham, encrypted regulations lack clear and active guardrails. She also discussed the needs of “responsible innovation” and “compliance” digital asset markets.
CFTC’s recent regulations in the encryption department
In the United States, the regulations of digital assets are divided into two major institutions: CFTC and SEC.
CFTC’s jurisdiction is mainly expanded to encrypted assets categorized as commodities based on US law. This includes cryptocurrencies such as Bitcoin and Ethereum.
Commissioner’s regulatory agency covers commodity derivatives, including financial contracts derived from basic commodities. Its responsibility includes Encrypted futures contract And options, they are derivatives based on cryptocurrencies.
Earlier this month, the report suggested that regulators are reviewing Crypto.com’s sports betting futures. Contracts related to super bowls are increasing due to the attention of the forecast market.
CFTC is reviewing these contracts for 90 days. Although the agency has no right to stop the transaction immediately, these contracts can be prohibited after the review process is completed.
January 9th, According to reports, CFTC posted a subpoena to CoinbaseIs the largest encryption exchange in the United States. Regulatory agencies seek information about the multi -market marketing platform for encrypted forecasting market platforms.
Although the user does not need to take action immediately, the exchange pointed out that some user account data may need to be shared with the regulatory agency.
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