The US bitcoin and ether derivatives market is regulated by The Commodity Futures Trading Commission(CFTC), planning on developing a blueprint of the innovation of a digital asset by 2024.
"we will develop a holistic framework to promote responsible innovation in digital assets," the swaps regulator dropped in its strategic plan 2020-2024, discharged Wednesday.
The "holistic framework" will aid in CFTC keeping up with "risks and opportunities" of these so-called "21st century commodities," according to their regulator. It was unsure at the time of the press how far the document will actually go.
Chairman Heath Tarbert stated for "principles-based regulation: of digital assets and blockchain in an essay in June, that Harvard Business Law Review published. Mentioning "overly prescriptive rules could stunt the development of this important market."
In relation, CFTC stated Thursday that they will host 3 virtual events fall that are fintech-focused. As well as, a talk on finance;s future and the response of regulators to financial innovation.
Source: https://www.coindesk.com/cftc-hints-at-future-digital-asset-regulatory-framework
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