Most Influential: Caroline Pham
Acting CFTC Chairman Caroline Pham aggressively pursued crypto-friendly policies, halting past enforcement and launching new pilot programs.Summary
Caroline Pham, the acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), has vigorously pursued crypto-friendly policy aims, despite her temporary status. A former senior executive at Citi, Pham launched a "crypto sprint" parallel to the SEC's efforts, reversing previous enforcement practices that focused heavily on crypto cases. Key achievements include initiating a pilot program allowing crypto assets like Bitcoin and Ethereum as tokenized collateral in derivatives markets, and moving to redefine "actual delivery" in digital asset transactions to favor a friendlier regulatory approach. Her major accomplishment for 2025 was encouraging CFTC-regulated platforms to launch retail leveraged spot crypto products, with Bitnomial being the first. Pham stated her goal was to help President Donald Trump realize his vision for a "golden age of crypto" and intends to move to the private sector once a permanent chairman is confirmed.
(Source：CoinDesk)