CFTC Hints at Future Digital Asset Regulatory Framework
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
Updated Sep 14, 2021 at 9:28 a.m. UTC
![CFTC Chairman Heath Tarbert](https://www.coindesk.com/resizer/y-uM-Vn_BKivfbkUrI3Mz1zis0A=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/I4UYN3VHVBEWVEAH4FPHG6PDTY.jpg)
- “We will develop a holistic framework to promote responsible innovation in digital assets,” the swaps regulator teased in its 2020-2024 Strategic Plan, released Wednesday.
- This “holistic framework” will help keep the CFTC apace with the “risks and opportunities” of these so-called “21st century commodities,” the regulator said, though it was unclear at press time how far the document will ultimately go.
- Chairman Heath Tarbert called for “principles-based regulation” of blockchain and digital assets in a June essay published by the Harvard Business Law Review, writing there that “overly prescriptive rules could stunt the development of this important market.”
- On a related front, CFTC announced Thursday it will host three fintech-focused virtual events this fall, including one talk on the future of finance and another on how regulators respond to financial innovation.