- “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released Wednesday.
- This “holistic framework” will help keep the CFTC apace with the “risks and opportunities” of these so-called “21st century commodities,” the regulator said, though it was unclear at press time how far the document will ultimately go.
- Chairman Heath Tarbert called for “principles-based regulation” of blockchain and digital assets in a June essay published by the Harvard Business Law Review, writing there that “overly prescriptive rules could stunt the development of this important market.”
- On a related front, CFTC announced Thursday it will host three fintech-focused virtual events this fall, including one talk on the future of finance and another on how regulators respond to financial innovation.
CFTC Hints at Future Digital Asset Regulatory Framework
CFTC Hints at Future Digital Asset Regulatory Framework
CFTC Hints at Future Digital Asset Regulatory Framework
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
Jul 9, 2020, 3:34 PMUpdated Aug 19, 2021, 3:00 AM