According to Eleanor Terrett on Twitter, acting CFTC chair Caroline D. Pham announced at the Network Medici conference that the CFTC will participate as an observer in selected industry tokenization pilot programs. This move allows the agency to directly assess how tokenized assets perform in real-world environments, which could influence future regulatory guidance and impact the trading of tokenized cryptocurrencies and securities (Source: Eleanor Terrett @EleanorTerrett, Twitter, May 5, 2025). Traders should monitor these pilot programs closely as CFTC involvement may signal upcoming regulatory clarity or potential shifts in compliance requirements for tokenized asset markets.