CFTC Acting Chair Pham seeks CEOs for innovation council amid expanding crypto oversight
CFTC Acting Chair Caroline Pham is seeking CEO nominations for a new Innovation Council to guide expanding digital asset oversight.Summary
Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham announced she is soliciting nominations for a newly formed CEO Innovation Council by December 8th. This council is intended to strengthen the agency's efforts as it expands its oversight of digital assets, especially while legislative action on crypto regulation remains uncertain. Pham stated that engaging expert industry leaders is critical for the CFTC to "hit the ground running" and help shape responsible regulations. The CFTC is also currently focused on clarifying crypto rules through its "Crypto Sprint" and plans to debut spot trading products, including leveraged offerings. Pham, currently the sole commissioner, plans to depart once a new chair, Michael Selig, is confirmed by the Senate.
(Source：The Block)