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CFTC’s New Era: Caroline Pham Reshapes Leadership Amid Crypto Push
Crypto Oversight Gets a Shake-Up as CFTC Chair Caroline Pham Revamps Leadership
Out With the Old: Caroline Pham Overhauls CFTC Leadership, Eyes Crypto Regulation
Caroline Pham, the new Republican chair of the U.S. Commodity Futures Trading Commission (CFTC), has announced sweeping leadership changes following her appointment under the new administration. These shifts signal a fresh direction for the agency, particularly in its evolving role as a key regulator of cryptocurrency markets.
Pham, succeeding Democrat Rostin Behnam—appointed under President Joe Biden—has replaced several top officials from the previous administration. Interim appointments from Pham’s team now fill roles left by departing leaders, including the general counsel and heads of enforcement, public affairs, clearing and risk, market oversight, market participants, international affairs, and legislative affairs divisions. The shake-up comes as Congress considers a pivotal crypto bill that could significantly expand the CFTC’s responsibilities.
Among the notable appointments is Harry Jung, a senior policy advisor to Pham since 2023, who has been named the acting chief of staff and will lead the agency’s engagement with the crypto industry. Other key promotions include Meghan Tente as acting general counsel, Taylor Foy as acting public affairs director, and Nicholas Elliot as interim head of the legislative office.
“I’m pleased to announce these leadership changes as we begin a new chapter for the CFTC,” Pham said in a statement. “I deeply appreciate the service of those departing and have full confidence in the talented staff stepping into these critical roles.”
This transition positions the CFTC to take a more prominent role in shaping cryptocurrency regulation in the U.S., aligning with Pham’s priorities for a forward-looking agency.
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