Important update from CFTC on digital assets

Written by Sushanth Kumar Reddy Kura | Published 2 years ago | 1 min read


The Commodity Futures Trading Commission (CFTC), which regulates the U.S. Bitcoin and other derivatives markets, plans to develop a digital asset innovation blueprint by 2024.
“We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released Wednesday.

This “holistic framework” will help keep the CFTC apace with the “risks and opportunities” of these so-called “21st century commodities,” the regulator said, though it was unclear at press time how far the document will ultimately go.

crypto update

Chairman Heath Tarbert called for “principles-based regulation” of blockchain and digital assets in a June essay published by the Harvard Business Law Review, writing there that “overly prescriptive rules could stunt the development of this important market.​

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