Caroline Pham officially stepped down as the Acting Chair of the CFTC, and Michael Selig was sworn in as the 16th Chair.

[CFTC Acting Chair Caroline Pham Officially Steps Down, Michael Selig Sworn in as 16th Chair] According to an announcement on the CFTC official website, Caroline D. Pham, the Acting Chair of the Commodity Futures Trading Commission (CFTC), has officially stepped down, with Michael Selig taking over as the 16th Chair. Selig previously served on the SEC's Cryptocurrency Assets Task Force, actively promoting legislation for the digital asset market structure and advocating for an end to the “regulation by enforcement” approach. He stated that he will lead the CFTC in formulating “common-sense” rules for a new era of financial innovation in the U.S., helping the country become a global hub for crypto capital.

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