Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), stated at the Coinbase Annual Summit that compliance requirements for the cryptocurrency industry will remain stringent, despite the Trump administration's favorable stance towards digital assets. Pham emphasized that while innovation is encouraged, it does not equate to tolerating illegal activities. The CFTC will prioritize combating market fraud without targeting specific asset classes or technologies. This statement comes after former President Trump highlighted the need for a strategic reserve of Bitcoin and promised to establish a clear market framework to maintain U.S. leadership in the cryptocurrency sector.