CFTC Chair Caroline Pham Expected To Join MoonPay After Departure: Report

Caroline Pham, appearing chair of the Commodity Futures Buying and selling Fee (CFTC), might be part of crypto funds firm MoonPay as soon as a brand new chairman of the regulator is confirmed, Crypto In America host Eleanor Terrett revealed in an August 25 X put up.

Is MoonPay Subsequent for Caroline Pham?

Based on Terrett’s Monday social media put up, the monetary expertise firm declined to touch upon the rumors, although the CFTC did share an announcement.

“As she stated in Might, Performing Chairman Pham will return to the non-public sector as soon as a brand new chairman has been confirmed,” the company informed Terrett.

“Within the meantime, she stays dedicated to faithfully executing on the President’s agenda and delivering on his promise to win on crypto,” the group added.

Will Brian Quintenz Be Confirmed as CFTC Chair?

Pham has lengthy been public about her intention to leave the CFTC as quickly as a brand new head is appointed.

U.S. President Donald Trump introduced that he had nominated monetary supervisor Brian Quintenz for the place in February.

Nonetheless, hypothesis has grown just lately as Quintenz has but to be confirmed for the place.

Based on studies, Gemini co-founders Tyler and Cameron Winklevoss have pressured Trump to reject Quintenz altogether attributable to ethics issues tied to his function at prediction market platform Kalshi.

Several key crypto groups have since endorsed Quintenz for CFTC chair, together with the Crypto Council for Innovation (CCI), the Blockchain Affiliation, and the DeFi Training Fund.

“The U.S. digital asset trade and the CFTC are at a pivotal crossroads when it comes to advancing fit-for-purpose rules that may promote accountable innovation, defend market integrity, and guarantee U.S. financial dynamism and international competitiveness,” the crypto organizations said in a latest letter.

“Mr. Quintenz’s in depth expertise and substantive and technical understanding of blockchains, digital belongings, and monetary markets make him exceptionally well-suited to guide the CFTC at this vital juncture,” the letter continues.

Nonetheless, with Quintenz’s nomination seemingly up within the air, it’s nonetheless unclear when Pham will depart the CFTC.

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