What to Know:
- Acting Chairman Caroline Pham of the Commodity Futures Trading Commission is organizing a digital assets CEO forum to discuss a pilot program aimed at tokenization using stablecoins and distributed ledger technology.
- Prominent leaders from Coinbase, Ripple, and Circle are likely to attend this summit.
Caroline Pham, who is currently serving as the U.S. Commodity Futures Trading Commission’s acting leadership, is advancing a pilot program that leverages stablecoins. An upcoming summit will feature executives from Coinbase, Ripple, Circle, Crypto.com, and other digital assets firms.
Pham suggested the regulatory sandbox concept for tokenization through her advisory committee, the Global Markets Advisory Committee, in November, but it had not been embraced by prior leadership.
“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham stated. “I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
This idea, reflecting what Pham calls “responsible innovation,” aims to explore the use of non-cash collateral through distributed ledger technology according to her agency.
A forum date and additional details on the summit for digital assets CEOs have yet to be disclosed. Since taking over as acting chairman, Pham has made several significant changes within the U.S. derivatives regulator.
