Trump appoints crypto advocate Caroline Pham as CFTC acting chair

President Trump has reportedly chosen Caroline Pham, a junior commissioner at the CFTC, to serve as the agency’s acting chair. Pham, appointed by former President Biden in 2021, has advocated for regulatory clarity in the US crypto industry and proposed a pilot program to foster compliant digital asset markets. The search for a permanent CFTC chair continues, with contenders including Summer Mersinger and Brian Quintenz, both pro-crypto. The new chair will need to navigate the intersection of traditional financial markets and the digital asset sector, with potential expanded authority over digital commodities markets.