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The Chairman of the House Agriculture Committee consults with the acting Chairman of the CFTC to expand encryption regulatory authority.
[Chairman of the House Agriculture Committee Consults with CFTC Acting Chair on Expanding Crypto Regulation Authority] According to crypto journalist Eleanor Terrett, Glenn “GT” Thompson, the Chairman of the U.S. House Agriculture Committee, met with Caroline D. Pham, the Acting Chair of the Commodity Futures Trading Commission (CFTC), on Thursday. The discussion focused on how the regulatory body will prepare to expand its Crypto Assets regulatory authority and advance the formulation of relevant rules for next year—this move is based on the expectation that legislation related to market structure will be passed. Previously, Pham had met with U.S. Senate Agriculture Committee Chairman Senator John Boozman on similar topics last week.