“We have the regulatory clarity. We want to welcome back innovators and entrepreneurs and investors to invest, hire, and build in America.” – 02:27
Caroline Pham, Acting Chairman at the CFTC, joins Remy Blaire & Vince Molinari from Money20/20 Middle East in Riyadh to discuss the monumental gathering in the fintech space, attracting over 45,000 participants, including more than 450 fintech brands, 350 speakers, and 400 investors.
Caroline shared insights into the CFTC’s initiatives, particularly the President’s Working Group on Digital Assets and the recently launched “Crypto Sprint.” This initiative aims to position the U.S. as the global leader in the crypto space by providing regulatory clarity and fostering an environment conducive to innovation and investment.
Caroline emphasized the importance of collaboration between the CFTC and the Securities and Exchange Commission (SEC), highlighting their joint efforts to create a cohesive regulatory framework for digital assets. She announced an upcoming roundtable focused on regulatory harmonization, signaling a new era of cooperation between these two regulatory bodies.
Caroline articulated the administration’s commitment to welcoming innovators and investors back to the U.S. by clarifying the regulatory landscape for digital assets. She discussed the need for U.S. firms that have moved offshore due to regulatory uncertainty to return home, and the steps being taken to facilitate this process.