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 <p><span data-preserver-spaces="true">Previously, Caroline Pham has suggested a number of crypto initiatives as the head of the CFTC’s Global Markets Advisory Committee. She has also established a sub-committee for Digital Assets.</span></p>  
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 <h2 id="span-data-preserver-spaces-true-the-pilot-span"><span data-preserver-spaces="true">The Pilot</span></h2> 
 <p><span data-preserver-spaces="true">In her remarks at the Cato Institute event on Thursday, Caroline recommended a time-limited <a rel="noopener noreferrer nofollow" title="CFTC" href="https://thebittimes.com/tag/cftc.html">CFTC</a> pilot program to foster the development of digital assets and tokens.</span></p> 
 <p><span data-preserver-spaces="true">At the round table, she mentioned a plausible option that involves a program drawn from the components of past pilot programs.</span></p> 
 <p><span data-preserver-spaces="true">The components she mentioned include “registration and eligibility requirements, financial resources and other conditions, risk management, products and contract terms, and other requirements including disclosures and reporting.”</span></p>  
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 <p><span data-preserver-spaces="true">It is evident that Caroline Pham has positive intentions towards setting <a rel="noopener noreferrer nofollow" title="Crypto Regulation" href="https://thebittimes.com/tag/crypto-regulation.html">Crypto Regulation</a>s. Pham has repeatedly urged the U.S. government to provide&nbsp;</span><span data-preserver-spaces="true">more crypto regulatory clarity</span><span data-preserver-spaces="true">.&nbsp;</span></p> 
 <p>Also Read:&nbsp;US FDIC Chair Warns Of Banking Crisis Risk; Will Bitcoin Benefit?</p> 
 <h2 id="span-data-preserver-spaces-true-a-political-angle-span"><span data-preserver-spaces="true">A Political Angle?</span></h2> 
 <p><span data-preserver-spaces="true">Since Caroline arrived at the CFTC, she has put forward several crypto-related initiatives, including a proposal with Hester Peirce from the Securities and Exchange Commission.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">The op-ed with SEC Commissioner Hester Peirce called for a public roundtable to propose reforms after the crypto market crash.&nbsp;</span></p>  
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 <p><span data-preserver-spaces="true">However, Rostin Behnam, the Chairman of <a rel="noopener noreferrer nofollow" title="CFTC" href="https://thebittimes.com/tag/cftc.html">CFTC</a>, does not embrace the crypto industry with a friendly outlook. Behnam has previously targeted Binance on numerous occasions. </span></p> 
 <p><span data-preserver-spaces="true">It’s worth noting that Behnam is a Democratic appointee, whereas Pham represents the Republican seats.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">The Democratic lawmakers side with the SEC and Gary Gensler, who is on a crusade against the crypto industry. However, the regulations of the spot markets should be under the <a rel="noopener noreferrer nofollow" title="CFTC" href="https://thebittimes.com/tag/cftc.html">CFTC</a>’s guidance.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">The regulatory entity for spot crypto products remains shrouded due to the need for legislative clarity.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">However, only with time will we know if the idea of a Pilot <a rel="noopener noreferrer nofollow" title="Crypto Regulation" href="https://thebittimes.com/tag/crypto-regulation.html">Crypto Regulation</a> Program by Caroline Pham will see the light of the day or remain in the shadows like the rest of her initiatives.</span></p> 
 <p>Also Read:&nbsp;Grayscale Asks SEC’s Cooperation for Converting Its GBTC to Spot Bitcoin ETF</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/u-s-cftc-official-proposes-time-based-crypto-pilot-program-tbt61954.html">https://thebittimes.com/u-s-cftc-official-proposes-time-based-crypto-pilot-program-tbt61954.html</a></p>

U.S CFTC Official Proposes Time-Based Crypto Pilot Program

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