At the Coinbase Summit, Acting CFTC Chair Caroline Pham warned crypto firms that they should not expect leniency in regulation, even with a pro-innovation administration in place.
CFTC Regulatory Measures
Caroline Pham stated that there will be no easy path for crypto firms, highlighting that "There's no easy street for anybody, and regulators aren't easy."
Criticism of Previous Administration
Pham criticized the previous administration’s crypto policies, arguing that their aggressive tactics harmed the crypto industry and destabilized traditional markets like derivatives and foreign exchange.
Future of Crypto Regulation
Pham welcomed what she described as a new era of crypto regulation focused on targeting fraud and bad actors instead of enforcing policies through litigation.
Caroline Pham's remarks at the Coinbase Summit illustrate the CFTC's shift towards more stringent and targeted regulation, potentially reshaping the approach to cryptocurrencies in the U.S.
