Enhancing Market Integrity and Advancing Tokenization with Nasdaq and the U.S. Commodity Futures Trading Commission (CFTC)

Acting Chairman Pham emphasized pragmatic regulation: “There’s a renewed focus on getting back to basics… not engaging in regulation just for regulation’s sake.” This philosophy is guiding recalibrations to the Dodd-Frank swaps regime, aiming to reduce compliance burdens while preserving market integrity.

Compliance teams should audit existing frameworks to eliminate inefficiencies while maintaining essential protections. Market operators should align tokenized asset onboarding with futures standards to reduce fragmentation and accelerate trust.