Despite President Trump’s vocal support for cryptocurrencies, the CFTC remains firm in its commitment to stringent regulation. Interim CFTC Chair Caroline Pham emphasized that the agency will maintain a vigilant stance on the industry even with the Trump administration’s positive stance. Pham stressed that Trump’s policies do not translate into a permissive regulatory environment. Speaking at the Coinbase Summit, she clarified that regulatory oversight remains robust and will not be relaxed in favor of easy-to-apply regulations. ‘There is no easy path for anyone and it is not easy for regulators either. Just because we are for innovation and growth doesn’t mean you can break the law with impunity,’ Pham stated. The CFTC Chair further warned about fraud and theft, stating that “regulation through enforcement” has been abandoned, replaced by a focus on combating scams in the crypto space. Pham’s statements followed criticism of previous crypto policies under the Joe Biden administration, who she claimed had negatively impacted both cryptocurrencies and the derivatives market. This is not investment advice.