In a significant development, the US Commodity Futures Trading Commission (CFTC) has announced plans to hold a CEO forum to discuss the launch of its crypto pilot program.
In a latest press release, CFTC announced that it will host a CEO Forum with top industry firms to discuss its digital asset markets pilot program for tokenized non-cash collateral like stablecoins. Companies such as Circle, Coinbase, Crypto.com, and Ripple will participate. It noted that more details will be shared once finalized.
“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” noted Acting Chairman Caroline D. Pham. “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,” he added further.
Acting Chairman Pham previously proposed a CFTC pilot program as a U.S. regulatory sandbox to clarify rules for digital asset markets and establish strong safeguards. The CFTC has had success with pilot programs since the 1990s.
Last year, the CFTC’s Global Markets Advisory Committee, led by Acting Chairman Pham, recommended by its Digital Asset Markets Subcommittee, on expanding the use of non-cash collateral through distributed ledger technology.
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