Caroline Pham, who runs the United States Public Future Trade Commission for an interim base, is looking for a pilot tokenization program backed by Stablecoin, and an upcoming summit will include coinbase chiefs, Ripple, Circle, Crypto.com and other firms of digital assets.
Pham had suggested the idea of a so -called regulatory sandbox about tokenization through its advisory committee, the global market advisory committee, in November, but that had not been adopted by the previous leadership of the agency.
“I am excited to announce this innovative initiative for US digital asset markets,” said Interim President Pham in a statement on Friday. “I hope to participate with market participants to comply with the promise of the Trump administration to ensure that the United States leads the way in the economic opportunity.”
According to the agency, the idea, based on what Pham called “responsible innovation” in the use of non -monetary guarantees “through distributed accounting technology.”
The November recommendation of the Pham Advisory Committee had anticipated allowing market participants to prove non -traditional guarantees.
“By improving operational infrastructure for assets already eligible to serve as a regulatory margin, blockchain or other distributed accounting technology (” DLT “) can help reduce or eliminate some of those challenges without requiring any change in the rules of collateral eligibility” , suggested the recommendation. “Market participants can also use their existing policies, procedures, practices and processes to identify, evaluate and manage risks to use DLT, as they do for other forms of infrastructure and market technologies.”
A date and more details for the Digital Assets CEO forum have not yet been established.
As an interim president, Republican Commissioner Pham has made some dramatic changes in the guard dog of the US derivatives Joe Biden. These changes have included a broad replacement of senior officials in the agency, and a personnel issue that involved a former human resources chief caused an unusually open and detailed response on Thursday of the CFTC. The regulator spokesmen argued that the “false accusations” had been made against Pham for “unhappy individuals”, the agency linked to internal misconduct investigations.
Read more: Trump’s CFTC team erases the best Key regulator ranges of Crypto from the USA.
Update (February 7, 2022, 16:40 UTC): Add The previous recommendation of the CFTC Advisory Committee.
