While the CFTC is waiting for the new chairman, Acting Chief Pham is rolling in Crypto
To the Chairman still an open question for the commodity futures trade commission – likely to be a leading US guard for crypto – its temporary leader, Caroline Pham, begins with recommendations from Recent Crypto report of the President’s working group.
The CFTC, which regulates US derivatives trading and assumes US crypto trade administration under the Congress market structure law, is at the heart of the key recommendations in the Trump management report. So Pham, named by President Donald Trump who was acting the chairman earlier this year, ordered the agency to start getting the input of the industry in response to what became the “a major priority” of the White House.
“I start in contact with the stakeholder with all other report recommendations for the CFTC with full support of the working president group in the digital asset markets to operate President Trump’s promise to win in Crypto,” Pham said in a statement. The agency is Formally requesting public comments In fulfilling report recommendations, opening a two-month window for input.
The CFTC is faced with potential leadership drama, with Pham he said he is As he came out And the confirmation process to make former commissioner Brian Quintenz chairman who deliberately delayed the White House. Quintenz Drew Open the critic from Tyler WinklevossCEO of Gemini, among Trump’s inner circle that favors crypto executives, but most industry lobbyists are Asking the president to press for a quick -approved of his nomination. For reasons this is not detailed, the White House delayed What would be a final vote of the committee to send Quintenz’s confirmation to the Senate floor, it was reported that he was still supported.
After that stitch in his confirmation, the Senate went to its August break, expanding the CFTC chairman’s resolution, with Pham leaving and the one other sitting commissioner – Democrat Kristin Johnson – also planning to go. Although Quintenz was quickly confirmed after the Senate summer recession, he could occupy an empty five members commission.
Pham, meanwhile “Project Crypto” recently announced by Paul AtkinsThe Chairman who was appointed by Trump of the Securities and Exchange Commission. This is a followup to ”Crypto sprint“This pham was the most recent promised on August 1st.
Read more: Considering the US CFTC allowing Crypto Trading spot to registered Futures Exchange
