CFTC acting chair Phams calls roundtable to tackle crypto issues

Caroline Pham said that the CFTC “would return to the basics” by organizing a series of round tables with the leaders of the cryptographic industry to approach regulatory pain points.

On January 27, Caroline Pham, acting president of the Commodity Futures Trading Commission, said That the regulator plans to engage with the stakeholders of digital assets to discuss the markets of the market structure and the prediction while the United States clashes towards a greater adoption of cryptography.

According to PHAM, the CFTC “must adopt a prospective approach” to resolve conflicts of interest and political shortcomings left by the previous administration.

Innovation and new technologies have created a renaissance on the markets which presents new opportunities accessible to more people, as well as at risk. The CFTC will return to the basics by hosting the staff round tables that will develop a robust administrative file with studies, data, expert reports and a contribution from the public.

Caroline Pham, acting CFTC chair

PHAM’s decision to include prediction markets in round tables could revive speculation on the position of the CFTC on the sector. Previously, former President Rostin Behnam criticized the prediction markets, declaring them harmful to the public interest.

The prediction markets such as Polymarket and Kalshi took importance towards the end of last year. These platforms, which allow users to bet on real world results, have become popular sources of electoral data, predicting precisely the winner of the general elections and several other races.

The CFTC previously continued Kalshi to arrest its political Paris contracts, initially winning the court. However, Kalshi finally obtained the approval of the court to list its presidential results markets for American customers. In particular, Polymarket remained unavailable for American users at the time of publication.

The round tables will occur over several months to align the agency’s mandate on the development of the industry, said PHAM in its declaration issued by the CFTC.

Pham was selected To direct the regulations by President Donald Trump last week as part of the first official stages to revise the anti-Crypto feeling anchored in the American market on the American market. While an acting president, Behnam will officially leave the committee on February 7. Trump’s favorite candidate to succeed Behnam has not yet been announced, and we do not know how long Pham will be acting president.