With the presidency always an open question for the Commodity Futures Trading Commission – probably a leading American watchdog for the crypto – its acting leader, Caroline Pham, begins on the recommendations of the president’s recent crypto report of the president.
The CFTC, which regulates the trade in American derivatives and would imply the monitoring of the major part of the trade in American cryptography under the legislation on the structure of the congress market, was at the center of the key recommendations of the Trump administration report. So Pham, that President Donald Trump appointed the acting president earlier this year, ordered the agency to start taking the comments of the industry to meet what has become “an absolute priority” of the White House.
“I am starting to engage the stakeholders on all other report recommendations for the CFTC with the full support of the president’s working group on the digital asset markets to operationalize President Trump’s promise to win on Crypto,” Pham said in a statement. The agency officially requests public comments on making the report’s recommendations, opening a two -month window for comments.
The CFTC is faced with a potential leadership drama, PHAM, having said that it was out and the confirmation process to make the former commissioner Brian Quintenz, the president deliberately delayed by the White House. Quintenz has aroused open criticism from Tyler Winklevoss, CEO of Gemini, which is part of the inner circle of privileged cryptography leaders, but most of the industry lobbyists ask the president to put pressure for rapid approval of his appointment. For reasons he never detailed, the White House delayed what would have been a final vote of the Committee to send the Quintenz confirmation upstairs to the Senate, he still supported it.
After this point in its confirmation, the Senate took its break in August, predicting more the resolution of the presidency of the CFTC, with Pham ready to leave and the only other in -practice commissioner – Democrat Kristin Johnson – who also plans to go there. Even if Quintenz is quickly confirmed after the summer recess of the Senate, he could resume a committee also empty of five members.
Meanwhile, Pham said that the CFTC renewed crypto effort was intended to operate alongside “Project Crypto” recently announced by Paul Atkins, the president of the Securities and Exchange Commission. This is a follow -up of the “crypto sprint” that Pham recently promised on August 1.
Read more: US CFTC plans to authorize the trading of punctual cryptography on the registered term exchanges
