CFTC Chairman Caroline Fam states that the committee will host some issues, including digital assets. Acting chairs are aiming for a clear encryption market rule. When the Senate is preparing to vote for a bill that clarifies the role of SEC on CFTC and digital asset regulations, Pham will move.
Caroline Fam, a representative of the US Product Futures Transactions Committee (CFTC), is a series of public -table conference planning in a major movement to address the rapid growing complexity of the predictive market and digital assets. Was announced.
This initiative, which is overview of the January 27 notification, aims to delve into market issues, focusing on digital assets, conflicts of interest, and prediction markets.
The announcement continues shortly after Pam was appointed as a representative chairman. This is the position she has taken up after President Donald Trump’s inauguration. Her employment as a CFTC commissioner since April 2022 has been advocating a clear regulatory guideline in the cryptographic market.
The accurate timeline of the permanent CFTC chairman of Trump remains unknown, but focusing on the clarity of digital assets regulations has shown the administration’s priority.
The Round Table Conference is expected to occur over the next few months, and will provide platforms for dialogue with industry leaders and market participants.
In particular, this is a part of a wider vision of PHAM to ensure both innovation and investors protection, in response to rapid development in the digital asset field. 。
“Return to the basics” approach
Pham emphasizes the Back to Basics approach, indicating that the CFTC strategy promotes robust management records through research, data analysis, expert reports, and public inputs.
Pham states that the overall approach to evolving market trends will help you establish clear rules for roads that promote US economic growth and US competitiveness.
The migration of CFTC leadership is a major change in the Securities and Exchange Commission (SEC) nominated by Trump to replace Gary Genuler with the chair.
Until the Atkins confirms, Mark Uyeda, a member of the SEC, is the chairman of the agency and suggests a potential change in digital assets on both organizations.
The movement by Fam is also consistent with the legislative efforts in Congress. One remarkable bill, Fit21 (FIT21), financial innovation and technology passed the House of Representatives in May 2024 and set up a Senate vote.
FIT21 passes the house 279-136 🎉
The House of Representatives Democratic Party who supports this bill and votes: 71.
This is the number of Democrats who have voted for the current SEC and sent messages to the Biden administration that the “anti -crypto” is a platform that loses this year. pic.twitter.com/zmld1vRqfff
-Jake Chelvinsky (@jchervinsky) May 22, 2024
This law aims to clarify the role of regulations between CFTC and SEC for digital assets, and may reconstruct how these markets are supervised.
Former CFTC chairman Rostin Behnam, who has recently resigned, emphasized urgency to deal with the Crypto sector regulatory gap. His departure indicates the end of the times, but is also the beginning of a transformation period of US cryptocurrency regulations.
The proposed round table conference is expected to provide valuable insights, which will affect future regulatory policies and guarantee that they will actively and respond to the dynamic nature of the digital market.
These discussions can be preceded by the stakeholders of the entire financial sector, as they can prior to the United States, as well as how digital assets that can affect global standards are regulated.