CFTC Plans CEO Forum With Crypto Leaders Like Ripple And Coinbase
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The US Commodity Futures Trading Commission (CFTC) disclosed on Friday that it will host a new CEO forum. This event will bring together top crypto companies, including Coinbase, Ripple, Circle, and Crypto.com. The details of the forum are not yet final, but the agency confirmed that it will focus on digital assets.
According to the update, the forum will discuss the CFTC’s digital asset markets pilot program. This program will explore rules for using tokenized non-cash collateral, like stablecoins. Even though the CFTC works independently from the US government, its event follows the goals of President Donald Trump’s executive order on digital finance.
CFTC’s CEO Forum Connects To Trump’s Digital Financial Plan
Trump’s executive order highlights how digital assets help the US economy grow. It also aims to keep the US dollar strong around the world. The order supports the crypto industry and wants the US to be a top place for blockchain businesses. The CEO forum will help make sure digital assets continue to thrive in the country.
One key topic in the forum is making clear rules for digital assets. Many crypto companies have asked for better guidelines instead of facing legal action. The US Securities and Exchange Commission (SEC) has taken many companies to court, saying they broke security laws. Crypto leaders want a different approach.
Crypto Experts Want Clear Rules For Digital Assets
Experts like Michael Saylor from Strategy (formerly MicroStrategy) say the first step is to define different types of digital assets. This will help everyone understand how they work and which rules apply.
They also suggest making the registration process easier for new blockchain products. But they agree that security and transparency should still be a top priority for users and companies.
Acting Chairman Caroline D. Pham called this forum an important step for US digital asset markets. She stated that the CFTC is dedicated to responsible innovation and will work with companies to build better rules.
Pham started her role as Acting Chairman on January 20, the same day Trump became the 47th US president. She joined the CFTC as Commissioner in April 2022 after being nominated by then-President Joe Biden.
Pham looks forward to working with market leaders to support Trump’s goal of making the US a leader in digital finance. The forum is expected to provide new ideas for crypto regulation and help businesses grow in the country.
