Former CFTC Acting Chair Caroline Pham Says Crypto Can Advance Through Regulatory Rulemaking Without Congress
MoonPay Chief Legal Officer and former U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham said crypto regulation does not require congressional legislation and can move forward through rules set by regulators. According to Odaily, she said the CFTC’s regulatory jurisdiction is broad because the Commodity Exchange Act defines nearly everything as a commodity, with onions and movie box office receipts as exceptions.