The U.S. derivatives and commodities regulator adds new crypto industry members to its committee
The U.S. derivatives and commodities regulator, the CFTC, has added new participants from the crypto industry to its committee focused on digital assets. The committee, known as the Global Market Structure group, now has a total of 128 members across its group and relevant subcommittees.
Main breakdowns of the key points:
- Caroline Pham, a CFTC commissioner, announced the new appointments to the digital asset subcommittee.
- Amy Hong from Goldman Sachs will serve as the chair of the group, and Caroline Butler from BNY Mellon will be a co-chair of the digital asset markets subcommittee.
- Nadine Chakar, CEO of Securrency, and Kevin Kennedy from Nasdaq have also joined the group.
- Other members of the subcommittee include executives from crypto companies like Coinfund, Crypto.com, and Uniswap, as well as representatives from Wall Street firms like BlackRock, DRW, and Goldman Sachs.
- The committee was created to address issues related to US capital markets and make recommendations on policies and companies in the industry.
Hot Take: The addition of new crypto industry members to the CFTC’s committee shows the growing importance of digital assets in the financial sector. With a diverse group of participants, including representatives from both traditional finance and crypto companies, the committee is well-positioned to address the complex issues surrounding digital assets and contribute to shaping the future of finance.
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