crypto 240

06/13 10:31

 Caroline Pham, acting chair of the Commodity Fut

 Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), made it clear that crypto firms should not expect a free pass on regulation just because the political administration changes. Speaking at Coinbase’s annual summit with Yahoo Finance, Pham said that Donald Trump’s tough street does not mean companies can’t ignore regulations or operate outside the law. she said. “Just because we are pro-innovation and pro-growth doesn’t mean you can get away with breaking the law.” The acting chair clarified that this does not mean the commission will unfairly target the crypto sector, as the previous administration did. Instead, the focus will be on fair and robust enforcement to address real problems like fraud and misconduct. Pham went on to criticize the Biden-era regulations.  Echoing the industry sentiment, she stressed that regulators had been bending the rules to go after crypto in a way the law did not support, an approach she described as undermining trust in the U.S. system. She added that due to misperceptions based on fears that the industry was “evil,” it no longer serves, emphasizing the importance of restoring regulatory clarity.

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