The CFTC reported on the preparation of global standards for regulating the Crypto-sphere
According to reports, regulators in the U.S. and other foreign countries are now actively cooperating to develop global industry standards for cryptocurrency regulation.
This was reported by CFTC Commissioner Caroline Pham. According to the official, she held about 75 meetings on this topic with representatives of relevant agencies abroad.
According to Pham, regulators should think about how to “use existing authorities to provide the clarity that is needed now. These words referred primarily to the situation of supervisory deficiencies amid the Gemini and Genesis problems.
In addition, the official highlighted the importance of studying the definition of guidelines for non-financial crypto-activities and blockchain tech scenarios.
At the same time, Caroline Pham hopes for a transformation of the regulatory field in the U.S. that should not be limited by “maintaining the status quo.
“This year, I would like to see the CFTC and other agencies provide more guidance,” summarized Pham.
Recall that just the other day, the U.S. Congress announced the creation of a special subcommittee devoted to digital assets.