Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms.

Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in November, but that hadn’t been embraced by the agency’s previous leadership.

“I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”

The idea, based in what Pham called “responsible innovation,” would push into the use of non-cash collateral “through distributed ledger technology,” according to the agency.

MoonPay’s CEO, Ivan Soto-Wright, will also be among those attending.

“Throughout her tenure as commissioner of the CFTC, we have always held Caroline Pham’s opinions on h

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Author: Jesse Hamilton