Former Commodity Futures Trading Commission (CFTC) acting chair Caroline Pham has argued that existing U.S. commodity laws already give the regulator extensive authority over cryptocurrency markets, following the agency’s October 5 proposal for a federal framework covering leveraged retail crypto trading.
Summary
- Former CFTC acting chair Caroline Pham argued existing commodity laws already support extensive cryptocurrency oversight powers.
- The CFTC proposed new rules for leveraged retail cryptocurrency trading on October 5, seeking public feedback.
- Pham estimated immediate settlement across wholesale markets would require approximately $15 trillion in available cash…
