{"id":496872,"date":"2022-09-29T05:19:19","date_gmt":"2022-09-29T02:19:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ctfc-commissioner-proposes-office-focused-on-retail-crypto-investors\/"},"modified":"2022-09-29T05:19:19","modified_gmt":"2022-09-29T02:19:19","slug":"ctfc-commissioner-proposes-office-focused-on-retail-crypto-investors","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ctfc-commissioner-proposes-office-focused-on-retail-crypto-investors\/","title":{"rendered":"# CTFC commissioner proposes office focused on retail crypto investors"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fd1c52559b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fd1c52559b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ctfc-commissioner-proposes-office-focused-on-retail-crypto-investors\/#%E2%80%9D_CTFC_commissioner_proposes_office_focused_on_retail_crypto_investors_%E2%80%9C\" >&#8221; CTFC commissioner proposes office focused on retail crypto investors &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CTFC_commissioner_proposes_office_focused_on_retail_crypto_investors_%E2%80%9C\"><\/span>&#8221; CTFC commissioner proposes office focused on retail crypto investors &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYTgyNjRmMjctYTliMS00YjM1LTkzZGItNzFkOGY0MDIyYWU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ebd806f>Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an \u201cOffice of the Retail Advocate\u201d aimed at expanding the CFTC&#8217;s consumer protection mandate.<\/p>\n<p>Pham referred to the office as a \u201cvoice for the people\u201d in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/opapham5\">speech<\/a> given at an event hosted by blockchain project Corda on Sept. 27, suggesting recent events in crypto make retail protection a more pressing issue, noting:<\/p>\n<blockquote><p>\u201cThe crypto crash, risk management failures, and substantial retail losses, gives urgency to the need to balance innovation with retail protection and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate regulation.\u201d<\/p><\/blockquote>\n<p>Pham has modeled the proposed office on the Security and Exchange Commission&#8217;s (SEC&#8217;s) Office of the Investor Advocate, stating it\u2019s a \u201ctried-and-true way\u201d to advance customer protection.<\/p>\n<p>The SEC&#8217;s office has four core functions according to Pham, which are to provide investors a say in policymaking, assist retail investors resolve problems with the SEC or self-regulatory organizations, support advisory committees, along with studying investor behavior and conducting research and economic analysis.<\/p>\n<p>Pham highlighted the potential of digital assets and blockchains to change existing markets outlining \u201cten fundamentals for responsible digital asset markets,\u201d noting:<\/p>\n<blockquote><p>\u201cIt might still be early, but there are promising use cases if we can achieve blockchain stability and scalability across layer 1, 2, or whatever\u2019s next.\u201d<\/p><\/blockquote>\n<p>These fundamentals include initially determining whether something is a security, mitigating systemic risks such as the cascading liquidations due to the collapse of Terra, protection of customers and the retail public, ensuring transparency, and addressing conflicts of interest.<\/p>\n<p>The proposal marks the latest effort in a broader push from the CFTC to increase its authority over crypto markets and follows calls from the community and United States lawmakers seeking clarity on the regulation of crypto.<\/p>\n<p><strong>Related: <\/strong><strong><em>CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting<\/em><\/strong><\/p>\n<p>The CFTC has been under fire recently following its \u201cregulation by enforcement\u201d over the Ooki DAO case, with the community comparing it to the regulation by enforcement tactics seen in the SEC&#8217;s handling of the ongoing Ripple case.<\/p>\n<p>Pham said these views are hers and are not necessarily shared by the CFTC or other commissioners.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ctfc-commissioner-proposes-office-focused-on-retail-crypto-investors\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CTFC commissioner proposes office focused on retail crypto investors &#8220; Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an \u201cOffice of the Retail Advocate\u201d aimed at expanding the CFTC&#8217;s consumer protection mandate. Pham referred to the office as a \u201cvoice for the people\u201d in a speech given at an event&#8230;<\/p>\n","protected":false},"author":1,"featured_media":496873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYTgyNjRmMjctYTliMS00YjM1LTkzZGItNzFkOGY0MDIyYWU5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,79786,74898,117,70934],"class_list":["post-496872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-digital-asset","tag-sec","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/496872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=496872"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/496872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/496873"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=496872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=496872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=496872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}