The U.S. Commodity Futures Trading Commission (CFTC) has revealed plans to hold a CEO forum to discuss the launch of its digital asset markets pilot program
The press release said that this program will explore the use of tokenized non-cash collateral, such as stablecoins, in financial markets
Major crypto firms like Circle, Ripple, Coinbase, and Crypto.com will be part of this forum. The forum will assess how distributed ledger technology (DLT) can expand the use of non-cash collateral in a way that aligns with existing financial regulations.
Caroline Pham, an acting CFTC chair, said the initiative is major for the U.S. digital asset market. She added the CFTC’s commitment to responsible innovation and expressed her eagerness to work with industry leaders to uphold the Trump Administration’s goal of keeping America a leader in economic opportunity.
Pham had before suggested a CFTC pilot program as a regulatory sandbox to provide the cryptocurrency sector with regulatory certainty. The CFTC has successfully used similar programs since the 1990s.
Meanwhile, the U.S. SEC is also working on crypto regulations and recently launched a task force to provide clearer rules for the industry.
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