A new digital asset taxonomy has been proposed to the Commodity Futures Trading Commission (CFTC). The CFTC’s Global Markets Advisory Committee (GMAC) has a Digital Assets Subcommittee, which developed and voted in favor of the proposal on Wednesday.
CFTC Commissioner Pham noted the broad engagement of traditional finance (TradFi) and digitally native firms.
“I think that the quality of the output is tremendous, particularly given the socialization and the feedback not just from the members, many of which are global, but also I understand it from international organizations and regulatory counterparts around the world. So this is something that has definitely been very pressure tested,” said Commissioner Pham.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
