CFTC changes guard as Selig takes reins, Pham departs
NeutralCryptocurrency
- The U.S. Commodity Futures Trading Commission (CFTC) has officially transitioned leadership as Michael Selig has been sworn in as the new chair, following the departure of acting chair Caroline Pham. This change marks a significant shift in the agency's direction and regulatory approach towards cryptocurrency and digital assets.
- Selig's appointment is pivotal as it may influence the regulatory landscape for digital assets in the U.S., especially given his pro-Bitcoin stance and commitment to regulatory oversight in digital asset markets.
- The leadership change at the CFTC comes amid ongoing discussions about the need for regulatory frameworks in the cryptocurrency sector, highlighting the importance of having a regulatory body actively overseeing digital asset markets to ensure investor protection and market integrity.
— via World Pulse Now AI Editorial System