Caroline Pham (CFTC), acting chairman of the Commodity Futures Trading Commission, announced plans to host a series public roundtables aimed addressing new challenges and emerging opportunities within market structure and innovating.
The initiative will focus on key areas such as affiliated entities, conflicts of interest, prediction markets, and the burgeoning field of digital assets, underscoring the agency’s commitment to adapting its oversight to the rapidly evolving financial landscape.
Pham has long been a proponent of transparency and engagement with the public. He stressed that it is important to prepare the US derivatives market for the future, while also ensuring fairness and resilience.
In a press release dated Jan. 27, she stated:
“As I have long said, the CFTC must take a forward-looking approach to shifts in market structure to ensure our markets remain vibrant and resilient while protecting all participants.”
She showed how the technological revolution has. “renaissance in markets”This opens up new possibilities for more people, but it also brings with it risks which require careful consideration. Pham stated that these roundtables are a great way to build a solid regulatory framework, based on expert analysis and input from the public.
The CFTC will develop a comprehensive record of these discussions, incorporating expert reports and recommendations, to create a “holistic approach to evolving market trends.”This approach is designed to encourage economic growth in the United States and promote competitiveness. It also maintains clear rules which safeguard market integrity.
The CFTC is planning to meet with a variety of stakeholder groups over the next few months. These include industry leaders, regulators, public interest organizations, and market participants. These roundtables are intended to facilitate an open, transparent dialog and provide the agency with the latest information and insight necessary for addressing complex challenges within the derivatives market.
This initiative follows Pham’s calls last year for greater public engagement and increased transparency in the CFTC’s policymaking processes. This initiative is seen by observers as an attempt to combat the increasing influence digital assets have on the market.
In the next few weeks, specific dates and information about the roundtables will be released. The agency invited stakeholders to attend, reinforcing the commitment of its mission to create a collaborative environment for regulation that promotes innovation whilst mitigating risk.
Postings in: Crypto, US, Featured Regulation The Author
Assad Jafri
AJ is a dedicated journalist who has spent over a dozen years honing his craft. He began as a Yemeni reporter in 2011 during the Arab Spring. Specialized in financial journalism and now focused on crypto-reporting.
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