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CFTC Commissioner Caroline Pham Calls On CEO Nominations For New Prediction Markets Initiative 

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Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham is searching for nominations to hitch the CFTC’s new CEO Innovation Council, the federal regulator introduced on Tuesday.

Caroline Pham Announces New CEO Innovation Council

Per a November 25 press launch, Pham is requesting that members of the general public nominate those that could be match for the CEO Innovation Council, in addition to “suggest potential subjects to prioritize” because the company seems to expand its prediction markets regulation.

Additionally, Pham is “calling upon CEOs to hitch us in shaping accountable laws that may lay the muse for America’s Golden Age of Innovation.”

“The CFTC stands prepared to hold out our mission over expanded markets and merchandise, together with crypto and digital belongings, and guarantee our markets stay vibrant and resilient whereas defending all contributors,” Pham said. “In order to hit the bottom operating, it’s crucial that the CFTC drives public engagement with the help of skilled trade leaders and visionaries who’re constructing the long run.”

Mike Selig Sees CFTC Nomination Advance

News of Pham’s newest initiative comes practically every week after the Senate Agriculture Committee voted to advance U.S. President Donald Trump’s CFTC chairman nominee, Mike Selig, to a full Senate vote.

Selig, who most just lately led the SEC’s Crypto Task Force as chief counsel, took to X on October 25 to say he was “honored” to spearhead the CFTC.

“With the President’s management, a Great Golden Age for America’s Financial Markets and a Wealth of New Opportunities stand earlier than us,” Selig stated.

“I pledge to work tirelessly to facilitate Well-Functioning Commodity Markets, promote Freedom, Competition and Innovation, and assist the President make the United States the Crypto Capital of the World,” he added.

Meanwhile, Pham beforehand introduced that she would leave the CFTC as soon as a brand new company head was sworn in.

Although specifics relating to her future plans have but to be introduced, she is anticipated to return to the non-public sector following her resignation.

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