Caroline Pham: CFTC Can Regulate Crypto Without Congress

Former CFTC Acting Chair Caroline Pham said at Token2049 Singapore that the Commodity Exchange Act covers nearly everything except onions and movie box office receipts, so the agency can regulate crypto without new legislation. She is now chief legal officer at MoonPay.

• Pham: the law treats everything as a commodity except onions and box office receipts
• The CFTC relies on a 2010 Dodd-Frank provision on leveraged retail transactions
• The agency issued an advance notice on Regulation CAM and CTX
• Pham put atomic same-day blockchain settlement at about $15 trillion in cash