US President Donald Trump has nominated Caroline Pham, a Junior Commissioner at the Commodity Futures Trading Commission (CFTC) to lead the agency. According to a Bloomberg report, Pham will take over as acting Chairman after the five commissioners at the markets commissioner voted in her favor.
The US CFTC Under Caroline Pham
According to the Bloomberg report, the appointment is not yet public knowlege, citing anonymous sources. The process of appointing a Chairman to lead the US CFTC is largely an in-house job with the commissioners tasked with approving the President’s pick.
Caroline Pham is an advocate of clear regulations for the crypto industry and its players. With her ascension as Chair, she will now help President Donald Trump achieve his pro-crypto mandate in the next four years. The appointment of Pham became necessary after Former Chairman Rostin Behnam stepped down.
This is a developing story, please check back for updates!!!
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