US CFTC Acting Chairman: Compliance Requirements Will Not Be Relaxed Despite Trump Administration’s Pledge to Support the Crypto Industry

According to a report by CoinDesk cited by Jinse Finance, Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated at Coinbase’s annual summit that although the Trump administration maintained an open stance toward cryptocurrencies, regulators will not relax compliance requirements for the industry. She emphasized that “supporting innovation does not mean condoning illegal activity,” and that the CFTC will focus on cracking down on market fraud rather than criminalizing specific asset classes or technologies themselves. Pham criticized the Biden administration’s regulatory approach of “overextending legal interpretations,” noting that this tendency affects not only the crypto market but also traditional derivatives and foreign exchange markets. She believes that once crypto technology is widely adopted, a blanket ban will become impractical.