CFTC commissioner calls for global industry standards in crypto regulation

CFTC commissioner calls for global industry standards in crypto regulation


Caroline Pham, the Commodity Futures Trading Commission (CFTC) commissioner, has recently called on regulators to provide clearer guidance on crypto assets in 2023. 

In an interview with Bloomberg, Pham mentioned that discussions with global players over crypto regulations are ongoing. The government official said many foreign discussions are currently happening about global industry standards for crypto regulation.

According to Pham, she has had more than 75 meetings with various parties to discuss topics concerning crypto regulation. The CFTC commissioner highlighted that “very advanced discussions” were happening outside of the United States about what kind of standards could be applied globally.

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When asked about the recent issues that highlighted flaws within the space, such as Gemini and Genesis’ legal troubles, Pham noted that regulators must think about how

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