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CFTC Adds Crypto Leaders to Global Advisory Committee

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The US Commodity Futures Trading Commission (CFTC) has named some crypto leaders as new members to its Global Markets Advisory Committee (GMAC) and its Digital Asset Markets Subcommittee (DAMS).

Key Takeaways:

  • The CFTC has added high crypto and Wall Street figures to its Digital Asset Markets Subcommittee.
  • JPMorgan’s Scott Lucas and Franklin Templeton’s Sandy Kaul have been named co-chairs.
  • The CFTC is pushing ahead with a “Crypto Sprint” and broader efforts to make clear jurisdiction alongside the SEC.

Among the latest appointees to DAMS are Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill of BNY, and Ben Sherwin of Chainlink Labs, key figures in blockchain infrastructure, authorized coverage, and institutional crypto technique.

The appointments sign the CFTC’s continued push to incorporate trade experience into policymaking round digital property.

JPMorgan and Franklin Templeton Executives Named Co-Chairs of CFTC Crypto Subcommittee

JPMorgan’s Scott Lucas has been named co-chair of the subcommittee, becoming a member of Franklin Templeton’s Sandy Kaul. They change Caroline Butler within the function.

Lucas emphasised the significance of shaping “clear and efficient regulatory frameworks” for digital markets, whereas Kaul highlighted the necessity to broaden digital asset entry with “well-designed shopper protections.”

DAMS was established to information the CFTC on developments in blockchain, tokenization, and decentralized finance.

It performs a central function in evaluating market dangers, recommending coverage adjustments, and supporting the company’s objective of harmonizing oversight throughout monetary sectors.

The new appointments come beneath the management of Acting CFTC Chair Caroline D. Pham, who assumed the function in January 2025.

With a commissioner time period operating by way of 2027, Pham has launched a “Crypto Sprint” geared toward executing key suggestions from the President’s Working Group on Digital Assets.

The initiative additionally goals to deal with the overlapping authority between the CFTC and the SEC.

Wall Street establishments have proven elevated curiosity in tokenized finance. BNY Mellon not too long ago partnered with Goldman Sachs to tokenize money-market funds, whereas JPMorgan continues to discover crypto-backed lending and blockchain-based settlement.

The regulatory momentum comes as President Donald Trump indicators the GENIUS Act into regulation and champions crypto-friendly laws in Congress.

The House has already handed payments centered on market construction and banning a central financial institution digital forex (CBDC), with each measures now awaiting Senate overview.

Together, these developments mark a decisive shift in US regulatory posture, with the CFTC increasing its function as a key participant in shaping the way forward for crypto finance.

Crypto Bill Redefines SEC-CFTC Roles, Shields DeFi Developers

A newly revised draft of the Responsible Financial Innovation Act of 2025 outlines a clearer regulatory framework for digital assets in the US, aiming to cut back battle between the SEC and CFTC.

The invoice proposes a Joint Advisory Committee on Digital Assets, with each companies required to publicly reply to its findings, a transfer supposed to enhance transparency and coordination. A public roundtable on the subject is scheduled for September 29.

The draft contains express protections for DeFi builders, validators, pockets builders, and infrastructure contributors, as long as the underlying protocol is just not centrally managed.

Additionally, the invoice redefines how widespread crypto actions are handled beneath securities legal guidelines.

Airdrops, staking rewards, and DePIN tokens are categorized as “gratuitous distributions” somewhat than securities.

The submit CFTC Adds Crypto Leaders to Global Advisory Committee appeared first on Cryptonews.

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