Caroline Pham, the acting chairman of the Commodity Futures Trading Commission (CFTC), is organizing a digital assets forum aimed at exploring a pilot program for tokenization that utilizes stablecoins as collateral. The summit will include leaders from reputable digital asset firms like Coinbase, Ripple, and Circle. Pham has previously sought to introduce a regulatory sandbox for tokenization through the Global Markets Advisory Committee, a proposal that wasn't backed by the former leadership. The initiative, described by Pham as part of 'responsible innovation,' leverages non-cash collateral via distributed ledger technology. Pham's tenure has seen significant personnel changes within the CFTC, further emphasizing her shift from previous regulatory approaches. While specifics about the forum's date and agenda remain unclear, Pham expressed her enthusiasm for ensuring the U.S. remains competitive in the digital asset space.

Source đź”—