CFTC Acting Chair Caroline Pham Calls for 'Uber-ization' of Crypto, Cites Institutional Capitulation and Regulatory Challenges

Caroline Pham, acting chairman of the Commodity Futures Trading Commission (CFTC), emphasized the need to 'Uber-ize' the cryptocurrency sector, suggesting a transformation in how crypto markets operate. She acknowledged the complexity and challenges in regulating the crypto industry, stating that there is no easy path for any participant. This stance reflects ongoing scrutiny and calls for reform within the crypto ecosystem, including concerns about market practices such as wash trading. The remarks indicate a period of increased regulatory pressure and institutional adjustment in the cryptocurrency space.