Acting CFTC chair to join MoonPay after leaving agency
Acting CFTC Chair Caroline Pham will join MoonPay as chief legal and administrative officer after her successor is confirmed by the Senate.Summary
Caroline Pham, the acting chair of the US Commodity Futures Trading Commission (CFTC) and the agency's sole remaining commissioner, is set to leave her post to join the crypto payment platform MoonPay as chief legal and administrative officer. MoonPay confirmed the move on a Wednesday X post. Pham had previously indicated she would depart once the Senate confirmed her replacement. Her tenure as acting chair saw the CFTC take few enforcement actions, though she did launch initiatives like the Crypto CEO Forum. Pham's move follows a trend, as former CFTC Commissioner Summer Mersinger also recently joined the crypto advocacy group Blockchain Association. This transition occurs amid concerns raised by figures like Senator Elizabeth Warren regarding a potential "revolving door" where government officials secure lucrative roles in the crypto industry after leaving regulatory positions.
(Source：Cointelegraph)