CFTC commissioner calls for crypto regulatory pilot program

Commissioner Pham called for a CFTC crypto regulatory pilot program with stakeholder roundtable and proposed rules on retail investor risks.

Pham suggested the pilot could create a framework for emerging crypto technologies under existing laws.

The program would test, gather data, and develop a pragmatic crypto regulation approach.

At the conclusion, the CFTC would determine whether to implement the changes permanently.

Pham has called for greater regulatory clarity on crypto as one of five CFTC commissioners.