CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation

CFTC Commissioner Caroline Pham proposed a pilot program to regulate cryptocurrencies.

The program would support compliant crypto markets and tokenization for a limited time period.

It would have registration, financial, risk management, product, disclosure, and reporting requirements.

Pham has suggested other crypto initiatives, but the CFTC chair hasn't embraced an industry-friendly approach.

Crypto regulation bills envision CFTC as a lead regulator, but unclear if legislation will pass with Democratic concerns.