Caroline Pham, commissioner of the Commodity Futures Trading Commission (CTFC), joins Yahoo Finance Live to explain why she's calling for more crypto regulation and public roundtables, working with the SEC, the Archegos collapse, and her career path.
A wild week of ups and downs continued on Friday in the cryptocurrency market but this time there were some positive moves, at least in stocks. Bitcoin (CRYPTO: BTC) was still down 3.5% in the last 24 hours as of 1:45 p.m. ET, but it's now down just 0.6% over the past week. On the positive side, Coinbase Global (NASDAQ: COIN) shares jumped as much as 10.5% and are currently trading 4.4% higher for the day.
There is still a great deal of uncertainty regarding the status of crypto assets in the United States. Regulators have been dragging their feet, and investors are now turning to the courts to intervene.