In the final version of its strategy for the next four years, launched on July 8, the U.S. Commodity Futures Trading Commission (CFTC) has prioritized the comprehensive regulation of cryptosystems.
The new strategy promises to be adapted to innovation
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„We will develop a comprehensive framework to promote responsible innovation in digital assets,“ promises the new framework within its strategic objectives.
The new framework sets targets for the next four years, until 2024, when President Heath Tarbert’s current term will end. The broad strategy includes pro-innovation language, for which Tarbert and his predecessors at the CFTC are well known in the crypto community.
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The statement applauded the evolution of digital asset derivatives and the general digitization of trading in recent years:
„Financial markets are rapidly adopting emerging technologies, and our derivatives markets have undergone a startling digital transformation.“
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The role of the CFTC in the regulation of cryptomontages
The CFTC handles regulation and enforcement of the derivatives markets, as well as fraud and market manipulation within commodity trading. As today’s announcement notes, „specialized exchanges for digital asset futures“ have entered the CFTC arena, including the recent addition of Ether’s futures to options in the U.S. market.
Just yesterday, CFTC President Heath Tarbert commented on the importance of cooperation with the Securities and Exchange Commission’s co-regulator to establish guidelines for cryptoactives. The new guidelines have the same goal of „harmonizing regulations for market participants subject to the concurrent jurisdiction of the CFTC and the SEC.