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

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 1 day ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 16 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 23 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 29 days ago
  • You need to login to comment.