Michaela
Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that the agency will be phasing out its approach to regulation through enforcement.
In a notice issued on February 4, Pham announced that the CFTC is realigning its Division of Enforcement priorities to concentrate on combating fraud. The commission plans to establish two specialized task forces: one dedicated to complex fraud and the other focused on retail fraud, ensuring a targeted approach to enforcement efforts.
“This task force realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their expertise on matters that secure justice for victims and uphold public confidence in the integrity of our markets,” acting enforcement director Brian Young stated.
This initiative marks Pham’s first significant action as acting chair of the CFTC, following the departure of former chair Rostin Behnam on January 20.
Regulators Take Action to Support Sector Growth
In addition to realigning its priorities, the CFTC revealed plans to hold roundtable discussions over the next few months, focusing on issues such as conflicts of interest, prediction markets, and digital assets. The acting chair emphasized that these events would build on previous dialogues with industry experts and market stakeholders.
Aligned with President Donald Trump’s progressive approach to cryptocurrency, both the U.S. Securities and Exchange Commission (SEC) and the CFTC are working on introducing regulations designed to support the expansion of the digital asset sector.
On January 21, the SEC, led by acting Chair Mark Uyeda, launched a new task force designed to address the ongoing needs and concerns of the digital assets sector. Commissioner Hester Peirce, widely recognized as “Crypto Mom” for her supportive stance on cryptocurrency regulation, was selected to head the newly formed task force.
The newly established task force will collaborate closely with federal bodies, such as the CFTC, as well as state and international regulators. Additionally, it will bring together SEC experts, including senior advisors to Uyeda, Richard Gabbert, and Taylor Asher, to engage both agency staff and the public. Their mission is to develop a regulatory framework that balances practicality with legal compliance.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
