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The acting CFTC Chairman Caroline Pham announced the agency is aligned with President Donald Trump’s crypto policy.
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The agency has requested participation from the public via written submissions by August 18.
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The crypto market will attract more capital, especially from traditional financial institutions amid clear regulations.
The Commodity Futures Trading Commission (CFTC) has launched an initiative to enable trading for crypto asset contracts through its regulated exchanges. According to acting chairman Caroline Pham, the initiative is the first crypto-focused move geared to enable the mainstream adoption of digital assets in the United States.
Furthermore, President Donald Trump has directed all respective agencies to implement clear crypto regulations as guided by Congress. Pham highlighted that the CFTC’s initiative will work to implement the President’s Working Group on Digital Asset Markets report, which was recently released.
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