FORMER CFTC ACTING CHAIR SAYS THE CFTC CAN REGULATE ALMOST EVERYTHING

Summary from the TLDR Crypto newsletter

Caroline Pham, now MoonPay's chief legal officer, said the CFTC does not need Congress to regulate crypto and called its proposed Regulation CAM and CTX the “absolutely the kind of protection” retail crypto traders need. She argued tokenized deposits, not stablecoins, fit wholesale markets because atomic settlement of one trading day would need about $15 trillion in cash that does not exist, and expects NYSE and Nasdaq to list “real” tokenized shares with meaningful volume within two years.