The U.S. Commodity Futures Trading Commission (CFTC) plans to hold a “CEO forum” for the heads of digital asset firms.
The summit will include participants from Ripple, Coinbase, Circle, Crypto.com and MoonPay and will involve discussions about the “launch of the CFTC’s digital asset markets pilot program for tokenized non-cash collateral such as stablecoins,” according to a new press release.
[adinserter block="1"]CFTC Acting Chairman Caroline D. Pham says the pilot program will be a “groundbreaking initiative.”
“The CFTC is committed to responsible innovation. I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
Pham previously proposed a crypto pilot program back in 2023, arguing that it could create a safe framework for the emerging sector.
She said at the time that the first step should be bringing stakeholders to the table.
“After that, the CFTC should propose and adopt rules establishing a pilot program for a specific period of time that incorporates many of the components drawn from past pilot programs, including: registration and eligibility requirements, financial resources and other conditions, risk management, products and contract terms, and other requirements including disclosures and reporting. I am confident that the public will suggest others as well. At the conclusion of the pilot program, the Commission should examine the data gathered from the pilot and consider whether there should be a permanent change to our rules.”
The CFTC says more info on the upcoming CEO Forum will be released once it finalizes the details.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
