CFTC Plans CEO Forum to Discuss Crypto Pilot Program
In a major development, the U.S. Commodity Futures Trading Commission (CFTC) announced plans to host a CEO forum to discuss the launch of its crypto pilot program.
up to date Press release, The CFTC announced it will host CEO forums with top industry companies to discuss its digital asset market pilot program for token non-cash collateral like Stablecoins. Companies such as Circle, Coinbase, Crypto.com and Ripple will participate. It notes that once completed, more details will be shared.
Acting Chairman Caroline D. “The CFTC is committed to responsible innovation. I look forward to interacting with market participants to fulfill the Trump administration’s commitment to ensure the U.S. is leading in economic opportunities.” He further added.
Acting Chairman Pham has previously proposed a CFTC pilot program as a U.S. regulatory sandbox to clarify rules for the digital asset market and establish strong safeguards. Since the 1990s, the CFTC has achieved success in pilot programs.
Last year, the CFTC Global Market Advisory Committee, led by Acting Chairman Pham, was recommended by its Digital Asset Markets Subcommittee to expand the use of non-cash accounts through distributed ledger technology.
