CFTC chief Caroline Pham presents crypto sandbox, pro-XRP expert Jeremy Hogan shares thoughts
This move reflects a growing trend among international regulators who are proactively embracing technological advancements to foster economic growth. Commissioner Pham's proposal highlights concerns that the United States risks lagging behind in the fast-evolving blockchain and digital asset industry due to its cautious"wait and see" approach.
The crypto community has greeted this proposal with enthusiasm and some skepticism. Jeremy Hogan, a prominent attorney known for his support of , raised a valid point regarding potential regulatory conflicts. Given the differing stances of the CFTC and SEC on regulatory control, cooperation between the two agencies becomes essential for the success of this regulatory sandbox.
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