Trump nominates Caroline Pham as acting CFTC chair

PANews reported on January 21 that according to Bloomberg, US President-elect Donald Trump nominated current Commodity Futures Trading Commission (CFTC) member Caroline Pham as acting chairman. The five CFTC commissioners voted to confirm the nomination on Monday. Pham will succeed Rostin Behnam until the Senate approves a new official chairman.

Caroline Pham, known for supporting regulatory clarity in the digital asset industry, has proposed using a “regulatory sandbox” to help companies test the viability of their products and services under regulatory oversight for a short period of time without fully completing the registration and compliance process. This concept aims to balance industry innovation and regulatory requirements, or provide a reference for the CFTC’s potential expansion in the field of digital assets. Pham previously worked at Citigroup for more than seven years and was nominated by President Biden as a CFTC commissioner in 2021.