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No ‘Easy Street’: CFTC Acting Chair Shares New Crypto Approach Under Trump Admin

  • CFTC's Acting Chair shared the future of the agency's crypto regulation under a pro-industry administration.
  • Regulations will be stringent for everyone, including the crypto industry under the new administration.
  • The CFTC won't twist laws to criminalize assets but will focus on catching fraudsters and scammers.
  • The agency aims for a pro-innovation strategy but won't permit law bending by companies.
  • Pham explained the concept of 'uberizing crypto' to prevent unfair criminalization in the industry.
  • The goal is to integrate digital assets into daily life making them irremovable, like the impact of Uber on transportation.
  • She stressed on restoring regulatory clarity by not going beyond legal provisions to target crypto unfairly.
  • Pham criticized how the SEC and CFTC stretched laws to target crypto without considering global market consequences.
  • Restoring legal precedents and regulatory clarity has been a priority under Pham's leadership.
  • Pham urged for collaboration, proposing to revive the joint advisory committee between CFTC and SEC.

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