CFTC to Host Forum with Crypto CEOs on Stablecoin Regulation
The United States Commodity Futures Trading Commission (CFTC) will host a forum with executives from major crypto firms to discuss stablecoin regulation. This forum aims to address concerns in the crypto market, which has faced significant declines recently.
- Key executives attending include Ripple's Brad Garlinghouse, Cardano's Charles Hoskinson, and Coinbase's Brian Armstrong.
- CFTC Acting Chair Caroline Pham announced a pilot program to explore stablecoins' utility.
- The initiative targets the use of tokenized non-cash as collateral, potentially expanding stablecoin applications.
- Pham emphasized the CFTC's commitment to innovation and economic leadership.
Regulation Developments
- House Financial Services Committee Chair French Hill and lawmaker Bryan Steil introduced the STABLE Act of 2025 for stablecoin regulation.
- The Act proposes strict oversight on stablecoin issuance and a two-year ban on those backed by self-issued digital assets.
- David Sacks, Trump’s Crypto Czar, highlighted stablecoins' role in maintaining the US dollar's global dominance.
- Senator Bill Hagerty is proposing a new bill to create clear rules for stablecoins, promoting a structured regulatory framework.