U.S. CFTC Commissioner Caroline Pham Appointed Acting Chair by Trump
Caroline Pham has been appointed as the interim chair of the Commodity Futures Trading Commission (CFTC) amid a shift in U.S. policy towards cryptocurrencies under President Donald Trump. Key points include:
- The CFTC is expected to take on a leading role in regulating crypto spot markets, particularly for major tokens like Bitcoin and Ethereum.
- Pham expressed gratitude for the opportunity to lead during this transitional period, emphasizing engagement with stakeholders.
- The commission's decision to elevate Pham aligns with the new presidential administration's preferences.
- Her tenure will last until a permanent chair is nominated and confirmed by the Senate.
- Pham has previously directed initiatives examining digital asset oversight and proposed a pilot program for crypto regulation.
- Outgoing Chair Rostin Behnam announced his departure coinciding with Trump's inauguration.
The CFTC currently comprises Pham, Summer Mersinger, Christy Goldsmith Romero, and Kristin Johnson.