The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology.
In a March 8 meeting of the CFTC’s Market Risk Advisory Committee, commissioners, regulators, and industry representatives were scheduled to discuss “critical policy considerations” as part of the commission’s efforts to develop a regulatory framework for digital assets. In addition, industry leaders including Uniswap Labs CEO Hayden Adams and Chainalysis’ global head of public policy Caroline Malcolm were part of a panel focused on use cases of DeFi, distributed ledgers, and blockchain.
“Consistent with the MRAC’s historic role in delivering first-of-its-kind or unprecedented reports and recommendations, we anticipate furthering the Commission’s focus on targeted recommendations to address climate-related risks in our markets and delivering recommendations for the regulation of digital asset markets,”“Our economy is a digital economy. Global financial markets indisputably rely on the internet and the internet of things . We are now witnessing the deployment of Web 3.0.
CFTC $xlm
CFTC This is a crucial task for any regulatory agency. While innovation in the digital asset space has the potential to drive economic growth, there are some risks associated with unregulated markets, including fraud, market manipulation, and systemic risks.