Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has proposed a limited pilot program to address crypto regulation. Pham suggested that the program would be similar to regulatory sandboxes previously introduced at the state level. The program would create a framework for emerging technologies and market structures under existing laws and regulations. Pham also called for a stakeholder roundtable and for the CFTC to propose and adopt rules on the risks of crypto based on previous pilot programs.At the same time, U.S. lawmakers have been attempting to clarify the roles of the CFTC and Securities and Exchange Commission on crypto regulation. In July, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act, setting the bill up for a full House vote possibly before 2024.Pham has been serving at the CFTC since April 2022 and is one of five commissioners who has called for greater clarity on crypto regulation. She has sponsored the commission’s Global Markets Advisory Committee and suggested initiatives aimed at protecting crypto retail investors. At the conclusion of the program, the commission would determine whether to implement the changes permanently.

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Information	Details
Geography	North America
Countries	🇺🇸 🇨🇦
Sentiment	neutral
Relevance Score	9
People	Caroline Pham, Gary Gensler
Companies	Cato Institute, Global Markets Advisory Committee, SEC, House Financial Services Committee, CFTC
Currencies	None
Securities	None