CFTC Chair Supports DOJ’s Shift in Crypto Regulation Strategy

The U.S. Department of Justice’s (DOJ) new approach to regulating crypto assets has been endorsed by the Commodity Futures Trading Commission (CFTC). Acting Chair Caroline D. Pham has indicated support for ending prosecutions, instead opting to focus enforcement actions on intentional violations of the Commodity Exchange Act’s registration provisions. To expedite resolution processes, Pham also instructed CFTC’s enforcement department to prioritize compliance cases that do not involve customer harm or market manipulation.