Caroline Fam, Acting CFTC president, announced the CEO Forum today, based on an idea in 2023. This forum will bring together the encryption industry representatives to discuss digital asset markets, especially Stablecoins.
The “Organizational Sand Fund” will propose and discuss the possible new regulations, and it will include delegates from Circle, Coinbase, Crypto.com, Moonpay and Ripple.
The Chairman of the Board of Directors believes CFTC CRYPTO FORUM
Caroline Fam, Acting CFTC chair, Declare Today, the committee will host the CEO Forum to discuss the launch of its experimental program for digital assets markets.
PAM has proposed a program like this in September 2023, but now she has the opportunity to enact this transformative policy since the former president resigned last month.
“I am excited to announce this pioneering initiative for our digital asset markets. CFTC is committed to responsible innovation. I am looking to participate with the market participants to provide the Trump administration’s promise to ensure that America will lead the way to economic opportunities.”
CFTC invited representatives from Circle, Coinbase, Crypto.com, Moonpay and Ripple to attend this forum. PAM has suggested that it is a “organizational sand box” to discuss potential new policies related to a distinctive non -cash guarantee, especially Stablecoins.
In other words, encryption companies will give an active voice in formulating CFTC regulations.
Since PAM became her chair, CFTC has started a few round table discussions similar to this forum. In late January, many round tables announced to discuss the encryption market structures.
Yesterday, another round table was announced to discuss the prediction markets. In all these efforts, Fam seeks to push clarity and cooperation.
It may be important that CFTC will host this forum and similar discussion members. Specifically, since Trump won the recent elections, rumors have been adopting that CFTC could replace SEC as the highest encryption port.
Earlier this week, Hester People described the SEC goals, which puts a high priority for the mandate of its jurisdiction. SEC may determine that CFTC or another body must deal with encrypted associations or sub -sectors in the industry. This does not mean that he will lose its importance.
In general, the PAM Forum reflects the new administration’s desire to actively communicate with encryption leaders to establish clear regulations and policies. The leaders of industry giants like Coinbase and Ripple are likely to have a major role in the upcoming Stablecoin regulations.
Disintegration
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