4 months ago
The Commodity Futures Trading Commission (CFTC) launched a aviator programme to research tokenized non-cash collateral, including stablecoins, wrong regulated derivatives markets, according to a Feb. 7 announcement.
The CEO Forum volition prosecute manufacture leaders connected the motorboat of its integer plus markets aviator program.
Representatives from Circle, Coinbase, Crypto.com, and Ripple volition enactment successful the forum. The regulator said it would disclose further details astir the lawsuit erstwhile the arrangements are finalized.
Acting Chairman Caroline Pham stated:
“I’m excited to denote this groundbreaking inaugural for US integer plus markets. The CFTC is committed to liable innovation. I look guardant to engaging with marketplace participants to present connected the Trump Administration’s committedness of ensuring that America leads the mode connected economical opportunity.”
The CFTC’s Global Markets Advisory Committee, which Pham sponsors, antecedently issued a proposal done its Digital Asset Markets Subcommittee advocating for the expanded usage of non-cash collateral via distributed ledger technology.
The aviator programme extends Pham’s erstwhile connection to make a regulatory sandbox nether the CFTC’s oversight. She antecedently argued that a regulatory sandbox would boost liquidity and contention successful the US crypto industry.
During a code successful September 2023, Pham besides stated that specified an situation would foster the maturation of compliant integer plus markets and tokenization.
Crypto nationalist roundtables
The regulatory sandbox plans travel the announcement of a bid of nationalist roundtables to code marketplace operation and innovation challenges. The discussions volition absorption connected affiliated entities, conflicts of interest, prediction markets, and integer assets.
Pham described technological advancements arsenic a “renaissance successful markets” that presents opportunities and risks requiring cautious oversight.
Over the coming months, the CFTC volition prosecute with manufacture leaders, marketplace participants, regulatory experts, and nationalist involvement groups. The inaugural follows Pham’s erstwhile calls for transparency and nationalist engagement successful policymaking.
The regulatory sandbox and nationalist roundtables are portion of the CFTC’s propulsion for a broad regulatory model informed by adept investigation and nationalist input.
The station CFTC launches aviator programme for tokenized stablecoin collateral appeared archetypal connected CryptoSlate.
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