CFTC Acting Chair Details Crypto Market Structure Progress, Highlights Tokenization and Stablecoin Initiatives | Orrick, Herrington & Sutcliffe LLP
On November 18, CFTC Acting Chair Caroline Pham spoke at an industry conference on futures and options where she highlighted the agency’s recent progress and outlined forthcoming steps on, and its regulatory approach to, digital assets and its market structure. Pham described blockchain technology and tokenization as ushering in a “structural modernization” of financial market infrastructure, drawing parallels to the “electronification” of markets in previous decades.
Pham reviewed the CFTC’s “Crypto Sprint,” a 12-month initiative launched to implement recommendations from the President’s Working Group on Digital Asset Markets. Key priorities of the initiative included: (i) enabling listed spot crypto trading on…
