CFTC Opens Public Dialogue to Shape Future of Cryptocurrency Regulation

The Commodity Futures Trading Commission (CFTC), the main U.S. futures regulator, is taking a major step toward shaping the future of cryptocurrencies. The agency announced a series of public roundtables to discuss the market structure and regulation of digital assets, inviting industry leaders, experts and the general public to participate.

The initiative, led by Acting Chairman Caroline Pham, aims to create an open and transparent dialogue about the complexities of the cryptocurrency industry. By bringing together different perspectives, the CFTC seeks to develop a regulatory framework that promotes responsible innovation and protects investors.

“As I have long said, the CFTC must take a forward-looking approach to changes in market structure to ensure our markets remain vibrant and resilient while protecting all participants,” Pham said.

Conflicts of interest, affiliated entities, prediction markets and digital assets are some of the topics that will be on the agenda at the round tables. CFTC recognizes the need for a holistic approach to address the challenges and opportunities that blockchain technology presents.

Pham emphasizes the importance of “going back to basics” and building a robust administrative record with data, analysis, and public input. This knowledge base will be critical to formulating effective policies that are adapted to the rapidly changing crypto market.

“Innovation and new technology have created a renaissance in the markets that presents new opportunities that are accessible to more people, as well as risks. The CFTC will go back to basics by hosting staff roundtables that will develop a robust administrative record of studies, data, expert reports, and public input. A holistic approach to evolving market trends will help establish clear rules of the road and safeguards that will promote U.S. economic growth and American competitiveness.” complemented .

The CFTC also highlighted that in the coming months it will engage with industry leaders, market participants, other market structure experts and public interest groups through open and transparent public roundtables to provide the CFTC with the best information and latest data. The CFTC noted that more details about the event will be released soon.