{"id":31842,"date":"2025-06-14T08:31:35","date_gmt":"2025-06-14T08:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31842"},"modified":"2025-06-14T08:31:35","modified_gmt":"2025-06-14T08:31:35","slug":"no-easy-street-cftc-acting-chair-shares-new-crypto-approach-under-trump-admin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31842","title":{"rendered":"No \u2018Easy Street\u2019: CFTC Acting Chair Shares New Crypto Approach Under Trump Admin"},"content":{"rendered":"
\n

In a recent interview at Coinbase\u2019s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting\u00a0Chair shared the future of the agency\u2019s crypto regulation under the pro-industry administration.<\/p>\n

CFTC Won\u2019t Criminalize Crypto<\/h2>\n

On Thursday, CFTC\u2019s acting chair, Caroline Pham, told<\/a> Yahoo Finance\u2019s Brian Sozzi that regulations won\u2019t be easy on anybody, including the crypto industry, despite the end of the \u201cregulation by enforcement\u201d approach under the new administration.<\/p>\n

Pham explained that \u201cThere is no easy street for anybody, and regulators aren\u2019t easy,\u201d adding that the agency\u2019s shift toward a pro-innovation, pro-growth strategy doesn\u2019t mean companies can bend the law and get away with it.<\/p>\n

She clarified that the CFTC\u2019s new approach won\u2019t \u201ctwist the law to criminalize an asset class or a technology,\u201d like the past administration. Instead, it will focus on catching fraudsters and scammers in the market. \u201cThat\u2019s always been our core mission is to prevent fraud, manipulation, and abuse in our markets and to help victims,\u201d Pham affirmed.<\/p>\n

In the interview, the regulatory agency\u2019s chair explained her previous comments about \u201cuberizing crypto,\u201d sharing that it means effectively integrating<\/a> digital assets into daily life so that banning or criminalizing it becomes nearly impossible, like Uber did with the transportation industry.<\/p>\n

\u201cWhen something becomes so big, so accepted, so part of our lives, you can\u2019t really take it away then. The public, the people, voters, they won\u2019t let you,\u201d she affirmed, noting that the ride-sharing app revolutionized the industry, which resulted in a lot of people unsuccessfully trying to fight it.<\/p>\n

Pham considers that the \u201cuberization\u201d of the industry must be the goal to prevent crypto from being unfairly criminalized as a concept or a technology. \u00a0\u201cThe way that you do that is by bringing it to the people, and the people will speak, and voters will speak,\u201d she stated.<\/p>\n

Restoring Regulatory Clarity<\/h2>\n

Speaking about the previous administration, Pham noted that the Securities and Exchange Commission (SEC) and CFTC \u201creally went beyond what the law says and what the statute says,\u201d which has been a common criticism of the US watchdogs.<\/p>\n

She condemned<\/a> how the agency reinterpreted existing laws that applied to traditional markets to go after what they perceived as \u201cbad or evil,\u201d like crypto and blockchain technology, without considering the unintended consequences it could have on the global economy and global markets.<\/p>\n

\n

When we start to change the rules for (\u2026) the 700 trillion notional global derivatives markets because we\u2019re trying to be creative and flex it to go after what we perceive to be a bad or evil, you know, crypto or blockchain, that is really breaking the fabric of our global markets.<\/p>\n<\/blockquote>\n

This is why \u201crestoring the well-settled legal precedents, how the CFTC has applied and interpreted the law for decades, to restore that regulatory clarity\u201d has been a priority under her leadership.<\/p>\n

Notably, Pham has repeatedly called for regulatory clarity for the crypto industry, proposing to revive the joint advisory committee between the CFTC and the SEC.<\/p>\n

Earlier this year, the regulatory agencies were reportedly<\/a> discussing their options to effectively collaborate on digital assets regulations, after the launch of the SEC\u2019s Crypto Task Force led by Commissioner Hester Peirce.<\/p>\n

\"Crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent interview at Coinbase\u2019s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting\u00a0Chair shared the future of the agency\u2019s crypto regulation under the pro-industry administration. CFTC Won\u2019t Criminalize Crypto On Thursday, CFTC\u2019s acting chair, Caroline Pham, told Yahoo Finance\u2019s Brian Sozzi that regulations won\u2019t be easy on anybody, including the crypto […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31842","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31842"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31842\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}