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CFTC Chairman Calls For Principle-Based not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle-based rather than a strictly enforced set of rules. This includes cryptocurrency and digital assets.

In the new framework from the Harvard Business Law Review published of June 15, Chairman of the CFTC Heath Tarbert made his preference clear for how the financial regulation of digital assets should work. Tarbert concluded that a broader principle-based framework would encourage far more innovation than a rigid ruleset.