CFTC Shakes Up Global Markets Advisory Committee with 8 New Appointments

Regulatory chess move: CFTC stacks its advisory board with fresh talent as crypto markets heat up.

Strategic Expansion

The Commodity Futures Trading Commission just injected eight new voices into its Global Markets Advisory Committee—because nothing says 'we're ready for the digital age' like adding more bureaucrats to the conversation. These appointments signal the agency's push to stay relevant while traditional finance plays catch-up with blockchain innovation.

Market Implications

Watch for tighter regulatory frameworks as these new members bring diverse perspectives to the table—though let's be real, it's still government speed versus crypto pace. The move comes as institutional adoption accelerates, forcing regulators to either adapt or get left behind in the analog dust.

Because nothing bridges the gap between decentralized futures and centralized oversight like a few more committee members—just what crypto needed: more opinions.

Trump eyes additional CFTC chair candidates

Congrats to @chainlinklabs General Counsel Ben Sherwin on his appointment to the @CFTC’s Digital Asset Markets Subcommittee of the Global Markets Advisory Committee! 🇺🇸 @chainlink https://t.co/aqcrasmOwb

— Caroline D. Pham (@CarolineDPham) September 19, 2025

Robert Boonij, CEO of Eurex, was appointed a GMAC member, while Laura Fuson, vice president and head of futures at Cboe Global Markets, joined as a GMSS member. Pham is also named Brad Sullivan, COO of ICE Futures, a member of the Technical Issues Subcommittee (TISS).

CFTC Chair acknowledged Caroline Butler’s service as co-chair, recommending her for delivering regulatory clarity with the first-ever U.S. digital asset taxonomy and proposals for tokenized non-cash collateral. Pham also believes that Scott’s experience and DEEP knowledge of distributed ledger technology and the digital ecosystem will be indispensable to the subcommittee.

“We look forward to working with the Commission and broader industry partners to help shape clear and effective regulatory frameworks in a well-structured digital asset market.”

–Scott Lucas, Head of Markets Digital Assets at JPMorgan.

Kaul also noted the contributions that GMAC and the DAMS provided to support President Donald Trump’s Working Group and introduce the current compliance program. She promised to continue advancing crypto innovation into the mainstream with well-crafted market outlooks, enabling greater efficiencies and opportunities for all investors.

Trump is also eyeing additional candidates to lead the CFTC after the current nominee Brian Quintenz’s confirmation process stalls. The TRUMP Administration is allegedly looking for government officials working on crypto policy as potential candidates for the role.

Bloomberg reported that the WHITE House is considering Michael Selig, the current chief counsel to the SEC’s crypto task force. Tyler Williams, current counselor to the U.S. Treasury Secretary Scott Bessent on crypto policy, has also emerged as a potential candidate.

Cryptopolitan reported earlier that Quintenz’s confirmation process as CFTC chair faced a setback after the White House asked the Senate Agriculture Committee to pause the vote on his nomination. The source revealed that the request came after Gemini co-founder Tyler Winklevoss asked Trump to stop or delay the process for Quintenz’s confirmation.

Quintenz said on September 10 that he believes the President might have been misled. He disclosed messages showing Tyler Winklevoss’s questions regarding his prior litigation with the agency. He added that protecting the President and his agenda are more important than any job, and he was looking forward to continuing to support Trump’s agenda in whatever capacity he can.

CFTC introduces second Crypto Sprint initiative

Together, the @SECGov’s Project Crypto and the @CFTC’s Crypto Sprint are coordinating to answer President @realDonaldTrump’s call to action for American leadership. We are going to win on crypto! 🇺🇸🫡 https://t.co/yi74rNCK16

— Caroline D. Pham (@CarolineDPham) August 21, 2025

Pham mentioned that she WOULD resign once the Senate confirms the new chair, with reports indicating that she will be joining crypto firm Moonpay. Meanwhile, she has made several moves in the agency to favor the U.S. crypto industry, including allowing offshore exchanges to serve in the country via the Crypto Sprint initiative.

Pham maintained that the Trump Administration wants to ensure that the immediate trading of digital assets at the Federal level is a top priority. She also called for public input from crypto market participants on how the CFTC can better regulate spot crypto trading via the second Crypto Sprint. Pham argued that the feedback will assist the agency in carefully considering issues for leveraged, margined, or financed retail trading on exchanges.

The first Crypto Sprint initiative was launched earlier this month and aimed at enabling the trading of digital asset contracts on CFTC-registered futures exchanges. The Trump Administration had also previously issued a 166-page report outlining policy recommendations for regulating crypto in the U.S.

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