CFTC Chair Caroline Pham Vows Uncompromising Crypto Oversight Amid Regulatory Shift
Acting CFTC Chair Caroline Pham has drawn a hard line on crypto regulation, dismissing notions of preferential treatment for digital asset firms despite growing political support for the industry. The agency''s enforcement division now prioritizes prosecuting fraud over technical violations, marking a strategic pivot from its previous regulation-by-enforcement approach.
Pham''s tenure saw sweeping reforms within the CFTC, including an overhaul of ethical standards and legal training protocols. The outgoing chair contends that mainstream crypto adoption could serve as a bulwark against future regulatory challenges, even as she prepares to hand leadership to Brian Quintenz pending Senate confirmation.