Express

CFTC Chairman Requests “Principles-Based Regulation” For Cryptocurrencies

Janelle Fox

Summary: Heath Tarbet, chairman of the United States Commodity Futures Trading Commission (CFTC), has asked for “principles-based regulation” for cryptocurrencies. Tarbert said that this method would allow for a period of growth and surveillance before adopting more targeted rules. The chairman stressed that this approach wouldn’t necessarily imply a light-touch approach, but would instead move way ...

Heath Tarbet, chairman of the United States Commodity Futures Trading Commission (CFTC), has asked for “principles-based regulation” for cryptocurrencies.

Tarbert said that this method would allow for a period of growth and surveillance before adopting more targeted rules. The chairman stressed that this approach wouldn’t necessarily imply a light-touch approach, but would instead move way from detailed rules to instead depend on high-level and “broadly-stated principles” to create the basis for regulated firms and products.

By Janelle Fox

Last Update:

Tags: ,,,
Link: CFTC Chairman Requests “Principles-Based Regulation” For Cryptocurrencies   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 3 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 6 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 10 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 12 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 14 days ago

    • You need to login to comment.