CFTC Commissioner Urges Regulators To Work On Crypto Regulations

"Regulators To Start Thinking Proactively About Crypto Regulations" CFTC Chief

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In a recent interview with Bloomberg, Caroline Pham, the Commodity Futures Trading Commission (CFTC) urged the crypto regulators to work on clearer crypto regulations.

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“There is a very advanced discussion happening outside the United States”, the CFTC Chief told the Bloomberg journalist.

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She also said that the crypto industry needs to identify regulatory frameworks for the non-financial crypto activities.

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The Commodity Futures Trading Commission is an independent US government agency that regulates market derivatives, including futures, options and swaps.

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Pham believes that clearer regulations and public meetings could have prevented the crypto industry from the last year’s meltdown.

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She also suggested that regulators should start thinking proactively about advancing global crypto regulations.

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“It is a matter of concern,” the commissioner replied on the question of legal troubles between Gemini and Genesis.

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