Former Acting Chair of the CFTC: No congressional legislation is needed, as the existing framework is sufficient to regulate the crypto market.

Former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) and current Chief Legal Officer and Chief Administrative Officer at MoonPay, Caroline Pham, stated that the Commodity Exchange Act grants the CFTC broad regulatory authority, meaning the existing regulatory framework can cover emerging commodity sectors like crypto assets without waiting for congressional legislation. Pham believes the CFTC’s recently proposed rules will help strengthen protections for U.S. retail crypto

@tonmelonfest