Acting CFTC chair to join MoonPay after leaving agency
Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), will leave the agency to join crypto payments firm MoonPay as chief legal and administrative officer. Her departure follows the Senate confirmation of her successor. Pham, the sole Republican commissioner, became acting chair in January. She had initially planned to leave after Brian Quintenz’s confirmation, but his nomination was withdrawn. Pham is the latest high-level regulator to move into the crypto industry, following former CFTC Commissioner Summer Mersinger, who joined the Blockchain Association. During her tenure, Pham’s agenda aligned with White House directives, and she launched initiatives like the Crypto CEO Forum. The move highlights concerns about the "revolving door" between regulators and the crypto industry, as previously criticized by Senator Elizabeth Warren.
cointelegraph12/17 21:22