TechFlow news: Caroline Pham of the Commodity Futures Trading Commission (CFTC) proposed a limited pilot program to regulate cryptocurrencies during an event hosted by the libertarian think tank Cato Institute. Pham said, "Based on our previous pilot initiatives, I am optimistic that this approach will ensure market integrity and fair access, promote liquidity and competition, address potential conflicts and risks, and prevent fraud, abusive practices, and manipulation."
Pham is one of five commissioners at the agency, chaired by Democrat Rostin Behnam. Both Pham and CFTC Commissioner Summer Mersinger were nominated last year by President Joe Biden to fill Republican seats. Pham stated that the pilot program would first establish a stakeholder roundtable, after which the agency would propose and adopt rules regarding registration requirements and risk management. Finally, the agency would examine the data before considering whether to make permanent changes to its regulations.
