CFTC commissioner says foreign discussions over crypto standards are underway
Jan. 17, 2023 at 11:45 pm
By Mike Dalton
Caroline Pham says that she has had more than 75 meetings with global policymakers.
CFTC commissioner Caroline Pham stated that multiple countries are discussing global crypto regulations during an interview with Bloomberg on Jan. 17.
Pham said that she has recently met with several international regulators to discuss the implementation of crypto standards worldwide.
Pham explained:
“[I’ve been] going out there and talking to international policy makers on what kinds of standards can we have at a global level, how do we close gaps?…I’ve had over 75 meetings and there’s a very advanced discussion happening outside the United States about this.”
It is unclear whether each of those meetings involved policymakers in a different jurisdiction or whether some meetings were repeated within the same jurisdiction.
When asked by Bloomberg about current events in the crypto industry — especially the ongoing conflict between Genesis and Gemini — Pham said that the issue “is a concern.” She said that all regulators should use their current authority to clarify what constitutes a crypto financial instrument and crypto non-financial activity. She said that appropriate regulatory and legal frameworks should be applied.
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