Ex-CFTC Acting Chair Pham: Existing Laws Are Enough to Regulate Crypto
- —Pham says a crypto market structure law is not needed; existing CFTC rules suffice
- —CFTC can cover derivatives on AI compute resources and retail leveraged crypto trading
- —Tokenized deposits, not stablecoins, are key for large interbank settlements
- —Pham expects tokenized equity trading on NYSE and Nasdaq within two years
Why it matters: Signals that after the CLARITY Act stalled, US crypto oversight will shift to SEC and CFTC rulemaking.
Source: Bloomingbit
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