Cryptocurrencies: CFTC will make “any gift” for the crypto industry

 

No gifts for crypts. Trump’s administration can be more cryptocurrency than biden, Cftc (Commission for Commodity Futures) does not intend to give gifts to players in this industry. Its temporary president Caroline Pham said the agency would continue to enforce the law and promote innovations and growth.

Key points of this article:

  • Trump’s administration was more favorable for cryptocurrencies than Biden, but CFTC maintained its intention to enforce the law.
  • Caroline Pham expressed its desire to integrate crypto into everyday life, which made it impossible to ban.

CFTC wants to terminate the “Application Regulation”

During the interview Caroline Pham said she would be ” No easy street for no one And that the regulators would not be “easy”. She said that the agency would focus on the fight against fraud and fraud rather than criminalizing assets or technology.

“No one is easy for anyone and regulatory bodies are not easy.”

Pham also criticized Biden administration to have ” has exceeded what the law says In terms of crypto. She said that this approach also damaged traditional derivatives and currencies for traditional markets.

She added that CFTC was determined to end ” Regulation of the application Against crypto and focus on capturing fraudsters and fraudsters.

Cftc

The US regulator wants to “deprive” the crypto

Pham said he wanted ” Uberize Crypto »This means that the digital assets have largely accepted and integrated into the everyday life of the people to whom it would become It is politically impossible to ban or criminalize.

She compared it to how Uber is now too much to be closed.

“If something happens so big if it is accepted, if we are part of our life, you can’t really remove it.

Pham’s comments are hit as an account on the structure of the cryptography market, ClarityHe was accepted by the Committee of the Financial Services of the House of Representatives. If approved, the law would clarify which regulator, dry or CFTC, would supervise the crypto, with a more expected authorization to be entrusted to the latter.

(Tagstotranslate) United States (USA) Financial Markets (T) Cryptomonnae Regulation (T)

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