CFTC Interim Leader Pham Begins Crypto Recommendations Following White House Report

The Commodity Futures Trading Commission (CFTC) is initiating stakeholder engagement on recommendations from the President's Working Group on Digital Assets report, with Caroline Pham as acting chair. The CFTC aims to align with White House priorities and is soliciting public comments for two months on fulfilling these recommendations.

Pham emphasized the importance of industry input in operationalizing crypto regulations.
The CFTC's leadership situation remains uncertain, with Pham potentially leaving and former Commissioner Brian Quintenz's confirmation delayed by the White House.
Quintenz faces criticism but has support from industry lobbyists for a quick nomination approval.
If confirmed, Quintenz may lead an incomplete five-member commission due to other commissioners' plans to exit.
Pham's efforts will complement the SEC's "Project Crypto," a continuation of previous initiatives aimed at enhancing crypto regulation.