Despite a pro-innovation stance, the CFTC Chair Caroline Pham has warned crypto firms that regulatory leniency is not an option. Speaking at the Coinbase Annual Summit, Pham emphasized that navigating this new landscape requires adherence to regulations. “There’s no easy street for anybody, and regulators aren’t easy. Just because we are pro-innovation and pro-growth doesn’t mean you can get away with breaking the law,” she stated. This comes after a previous administration’s approach towards crypto was criticized by Pham, who argued it harmed both the industry and traditional markets. She highlighted the shift from ‘regulation by enforcement’ to tackling fraud and bad actors as an example of a new era in crypto regulation. Pham envisions a future where digital assets are seamlessly integrated into daily life, rendering attempts to outlaw them politically infeasible.