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Transition of CFTC Leader to Crypto Sector
Caroline Pham, the acting head of the CFTC, plans to join crypto firm MoonPay as chief legal and administrative officer once Mike Selig is confirmed as the new CFTC chair. Pham has been instrumental in advocating for crypto-friendly policies and expressed excitement about her transition, emphasizing a smooth handover. MoonPay, which recently obtained a New York trust charter, will benefit from her regulatory expertise as it navigates compliance and policy strategy. Selig, currently with the SEC, is expected to be approved in upcoming Senate votes.