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US CFTC Expands Cryptocurrency Regulation Using NASDAQ Monitoring System
Summary: According to reports, the US Commodity Futures Trading Commission (CFTC) is utilizing NASDAQ's monitoring program to play a larger role in regulating digital assets. In a statement on Wednesday, the CFTC stated that NASDAQ's program will protect the market from fraud, abuse, and manipulation. Acting Chair Caroline Pham stated that the new monitoring system will ...
According to reports, the US Commodity Futures Trading Commission (CFTC) is utilizing NASDAQ's monitoring program to play a larger role in regulating digital assets. In a statement on Wednesday, the CFTC stated that NASDAQ's program will protect the market from fraud, abuse, and manipulation. Acting Chair Caroline Pham stated that the new monitoring system will equip the agency with automatic alerts and cross-market analysis capabilities, as the CFTC prepares for the growth of the cryptocurrency market. Earlier this month, the agency launched the 'Crypto Sprint' initiative, focusing on cryptocurrency futures trading and recommendations outlined in the President's Working Group on Financial Markets.
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