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Michael Selig, who is really for Crypto is now in charge at the CFTC. This happened after Caroline Pham left her position 🚀. Michael Selig is taking over. People are excited to see what he will do for Crypto. Caroline Pham is. Now Michael Selig is the new leader, at the CFTC.
Michael Selig is now the chairman of the Commodity Futures Trading Commission. He got this job on Sunday. Michael Selig is the person to have this job. He is taking the place of Caroline Pham. Caroline Pham was the chairman for four years. She did a lot of things for the Commodity Futures Trading Commission.
Caroline Pham liked crypto. She did some things to help crypto. For example the Commodity Futures Trading Commission had something called Crypto Sprint. They also allowed people to trade crypto on markets. They even let people use Bitcoin, Ether and USDC as collateral, for some trials. Caroline Pham made some changes too. She made it so the Commodity Futures Trading Commission could watch the markets automatically. She also helped get tens of billions of dollars into the market.
Selig, the chief counsel for the Securities and Exchange Commissions Crypto Task Force and senior advisor to Securities and Exchange Commission Chairman Paul Atkins said that innovation and clear rules are very important as he becomes the leader. This is a time for digital assets like crypto because there are many technological changes happening and it is possible that congress will make some new laws, about crypto soon.
Pham is going to start a job at MoonPay as the chief legal officer. He is leaving behind a legacy at the CFTC. This legacy changed the way the CFTC thinks about markets and digital assets like cryptocurrency. Pham and his work at the CFTC had an impact, on digital assets.
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