Caroline Pham Appointed as Acting CFTC Chair
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Caroline Pham has been appointed as the Acting Chair of the Commodity Futures Trading Commission (CFTC) by President Trump. This follows the departure of the former chair, Rostin Benham, a Democrat who announced his resignation effective January 20, with a full exit from the agency by February 7. The CFTC members voted to appoint Pham as the acting chair. Pham, who was appointed as a CFTC commissioner by former President Joe Biden in 2021, has a background that includes serving on the staff of the CFTC and working at Citi Bank. Her appointment is seen positively by the crypto community due to her advocacy for regulatory clarity and her proposal for a regulatory sandbox for crypto companies.
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