CFTC Acting Chairman: The Trump Administration Supports Encryption Innovation but Regulatory Compliance Will Not Be Relaxed

MinerOldCannon · 2025-06-13T12:20:55+00:00

CFTC Acting Chair Caroline Pham stated at the Coinbase summit that while supporting innovation, regulators will still strictly enforce Compliance requirements, focusing on combating market fraud. She criticized the Biden administration's regulatory approach, which could impact multiple markets, and argued that a complete ban on encryption technology is unrealistic.

MinerOldCannon

2025-06-13 12:20:55

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[Golden Finance] According to reports, Caroline Pham, the acting chair of the Commodity Futures Trading Commission, stated at the Coinbase annual summit that although the Trump administration had an open attitude towards Crypto Assets, regulators would not relax compliance requirements for the industry. She emphasized that “supporting innovation does not equate to condoning illegal activities,” and the CFTC will focus on combating market fraud rather than criminalizing specific asset classes or technologies. Pham criticized the Biden administration’s regulatory approach of “overextending legal interpretations,” noting that this tendency affects not only the crypto market but also traditional derivation and forex markets. She believes that once encryption technology is widely adopted, a complete ban will become impractical.

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