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CFTC Acting Chairman Discusses Digital Asset Regulation
CFTC Acting Chairman Caroline D. Pham has stated that the agency can regulate nearly all commodities, including digital assets, without the need for new legislation. In an interview on October 12, 2026, Pham argued that the Commodity Exchange Act gives the CFTC jurisdiction over virtually every commodity. She also supported the agency's recent crypto proposals, which include rules for retail digital asset transactions, including margined and leveraged trading. The CFTC has launched a digital assets pilot program using BTC, ETH, and USDC as tokenized collateral in derivatives markets. Pham's tenure as acting chairman coincided with a sharp decrease in CFTC enforcement actions and a shift in strategy away from certain crypto cases.