Will 2023 Meet Expectations for Bitcoin and Cryptocurrencies? CFTC Member Commented!

in the USA for a long time cryptocurrency There is a call for regulation of the sector, but there is no clear decision on this issue yet.

A group of cryptocurrencies Commodity Futures Trading Commission (CFTC) While arguing that it should regulate crypto, one group Securities and Exchange Commission (SEC) He claims it should fix it.

In the middle of these debates CFTC commissioner Caroline PhamHe said he expects clearer rules to come for the crypto industry in 2023.

Speaking to Bloomberg, Caroline Pham stated that there are many discussions on crypto regulations globally.

In the wake of the implosion of cryptocurrency exchange FTX, one urgent question keeps resurfacing: Who should regulate the industry?

CFTC Commissioner Caroline Pham discusses major issues in the US and globally regarding crypto regulations https://t.co/BSCBDFdTej pic.twitter.com/rzSpI2Z6LQ

— Bloomberg TV (@BloombergTV) January 17, 2023

Pointing out that discussions with many foreign actors other than the USA are still continuing on what kind of standards can be applied globally in this regard, the CFTC member also noted that non-financial crypto money activities and blockchain He also said that identifying frameworks that would apply to technology use cases should also be explored.

Expressing that he expects 2023 to be different from other years, Pham stated that he hopes to receive more guidance from US-based regulators.

“What I want to do is to see the CFTC and other regulators provide more guidance for the cryptocurrency industry this year.

I am very hopeful that we will see more clarity in the United States this year.”

Finally to the CFTC member Genesis and Gemini crisis between

to this question “This is a concern for the crypto industry. Regulators need to make an effort to use existing authorities to provide the clarity needed right now.” replied in the form.