PANews reported on June 13 that according to CoinDesk, CFTC Acting Chair Caroline Pham stated at the Coinbase Annual Summit that despite the Trump administration's open attitude towards cryptocurrencies, regulators will not relax compliance requirements for the industry. She emphasized that "supporting innovation does not mean tolerating illegal activities," and the CFTC will focus on combating market fraud rather than criminalizing specific asset classes or technologies.
Pham criticized the regulatory approach of the Biden administration for "overly expanding legal interpretations," pointing out that this tendency not only affects the crypto market but also impacts traditional derivatives and foreign exchange markets. She believes that when crypto technology becomes widely adopted, a comprehensive ban will become impractical.
