CFTC changes guard as Selig takes reins, Pham departs
Caroline Pham departed as CFTC acting chair as Michael Selig was officially sworn in as the agency's 16th chairman.Summary
The US Commodity Futures Trading Commission (CFTC) has seen a change in leadership, with acting chair Caroline Pham confirming Monday was her last day, while Michael Selig was sworn in as the 16th chairman. Pham had served as acting chair since January and was the sole commissioner since August. Selig, nominated by President Trump and confirmed by the Senate, will now serve as the sole commissioner until April 2029. Selig is viewed as pro-crypto and has vowed to support innovation in areas like crypto and blockchain by avoiding a "regulation by enforcement" approach. Pham is moving to the crypto fintech company MoonPay, having stated she would leave once a new leader was confirmed. In her farewell, Pham noted the CFTC had refocused on responsible innovation as it prepares for expanded oversight of digital assets and prediction markets, welcoming Selig's "pragmatic, common-sense approach."
(Source：Cointelegraph)