CFTC Chair Supports DOJ's New Crypto Regulation Approach

According to Odaily, Caroline D. Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has expressed support for the Department of Justice's decision to end the policy of regulating the crypto asset industry through prosecutions. She has instructed the CFTC not to file lawsuits in digital asset cases based on violations of the Commodity Exchange Act's registration provisions unless there is evidence of the defendant's subjective intent. Additionally, Pham has restructured the enforcement department's functions to expedite the resolution of compliance cases that do not involve customer harm or market abuse.