The Commodity Futures Trading Commission has announced a forum with crypto industry leaders to discuss a new pilot program.
Objectives of the Pilot Program
The pilot program will explore the use of tokenized non-cash collateral, including stablecoins and similar products.
Forum Participants and Their Role
CEOs from companies such as Circle, Coinbase, Crypto.com, and Ripple will attend the forum to provide insights and recommendations for the program's implementation.
New Regulatory Directions Under Caroline Pham
Acting CFTC Chairman Caroline Pham emphasized that continued engagement with the crypto industry would help fulfill the previous administration's pro-crypto promises. Recent leadership changes at the CFTC and collaboration with industry executives mark a regulatory shift under the new administration.
The pilot program and the forum with crypto companies represent steps towards clearer and more effective digital asset regulation, potentially boosting US economic growth.
