The U.S. Commodities and Futures Trading Commission (CFTC) is reportedly looking to implement global industry standards in crypto regulation. CFTC Commissioner Carline Pham has indicated that she was working to bring an industry standard regulation for the crypto industry. 

Commissioner Pham’s comments come in the wake of the turmoil that hit the crypto market last year, which left several companies bankrupt or defunct. In an interview with Bloomberg, Pham revealed that she has had more than 75 meetings with various parties to discuss topics concerning crypto regulation.

According to the Commissioner, last year’s crypto contagion had encouraged her to work on a new proposal that would feature 10 fundamentals to ensure a responsible digital assets market. Pham has been consulting international policymakers to explore the standards that can be achieved at a global level.