Chairman of the US Commodity Futures Trading Commission: CFTC's commitment is to supervise but not hinder the development of cryptographic assets

On April 4th, J. Christopher Giancarlo, chairman of the US Commodity Futures Trading Commission (CFTC), stressed at the Eurofi Financial Forum that the agency's commitment is to monitor but not hinder the development of cryptographic assets. Giancarlo said the agency refused to use legal power to block the development of crypto assets. Instead, they tend to closely monitor market developments without impeding the introduction of new products such as Bitcoin futures, which have proven to be invaluable in allowing the market to determine the appropriate value of Bitcoin.