CFTC’s Return to Foundational Principles Enhances Market Integrity
- The U.S. Commodity Futures Trading Commission (CFTC), led by Acting Chairman Caroline Pham, is focusing on foundational principles to improve market oversight and integrity.
- Emphasis is placed on ensuring financial markets serve the economy through price discovery and risk mitigation.
- The CFTC aims to implement digital asset regulations within 12 to 18 months, integrating stablecoins as collateral in financial markets soon.
- Collaboration between the CFTC and SEC is essential for addressing regulatory challenges, with a focus on pragmatic solutions over turf wars.
- The U.S. securities and futures markets are considered the global gold standard for capital efficiency, serving as a model for global crypto regulation.
The CFTC’s commitment to foundational principles aims to enhance market integrity and foster innovation in the crypto space. A collaborative approach with the SEC is crucial for effective regulation.
Source (3.2)https://cryptobriefing.com/acting-chairman-pham-cftcs-focus-on-foundational-principles-will-enhance-market-integrity-why-collaboration-with-sec-is-essential-and-the-importance-of-a-positive-regulatory-posture-for-crypto-in/?rand=59535
