The U.S. Commodity Futures Trading Commission (CFTC) has announced plans to host a CEO forum focused on the upcoming launch of its digital asset markets pilot program. The initiative aims to explore the role of tokenized non-cash collateral, such as stablecoins, in financial markets.
Major cryptocurrency companies, including Circle, Ripple, Coinbase, and Crypto.com, are set to participate in the forum, where they will examine how distributed ledger technology (DLT) can enhance the use of non-cash collateral while aligning with current financial regulations.
Caroline Pham, the acting chair of the CFTC, emphasized the significance of this program for the U.S. digital asset market. She reiterated the CFTC’s dedication to fostering responsible innovation and expressed her enthusiasm for collaborating with industry leaders to ensure that the U.S. remains a global leader in economic opportunity.
Pham had previously proposed the CFTC pilot program as a regulatory sandbox designed to provide much-needed regulatory clarity for the cryptocurrency industry. The CFTC has successfully utilized similar pilot programs since the 1990s.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) is also stepping up efforts to regulate the crypto sector, having recently launched a task force to develop clearer guidelines for the industry.
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