“I think that the United States should lead the world in this technology and that excessively strict rules can prevent developments in this important market,” said Tarbert, head of the US regulatory agency.” quoth
Heath P., chairman of the Commodity Futures Trading Commission (CFTC) Tarbert called on other U.S. regulators to adopt cryptocurrencies as approximate as needed when it comes to regulating cryptocurrencies.
Tarbert considered the issue a “framework for strong regulation” in an article published by the Harvard Business Law Review.
Referring to developments in financial technology and cryptocurrencies, Tarbert said: “I think that the US should lead the world in this technology and that overly strict rules can prevent developments in this important market.” said.
Tarbert said more need-oriented and targeted rules could be appropriate, and this would be of particular importance as individual participation in digital asset markets increased.
He added that the CFTC should not make this effort alone, hoping the CFTC’s framework would encourage other regulators to review appropriate cases for the use of principles-based regulations.
“The goal is not a weak regulation or a reduction of regulations,” Tarbert said. Target, strong regulation.” said. The CFTC had published its latest explanatory manual on cryptocurrencies in March.