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After Selig’s Confirmation, CFTC Acting Chair Caroline Pham to Join MoonPay as Chief Legal and Administrative Officer

Her exit underscores crypto firms’ drive to enlist veteran regulators as U.S. market rules solidify.

Overview

  • Pham will oversee MoonPay’s global legal and administrative operations and lead the company’s policy and regulatory strategy in Washington.
  • Her move follows the Senate’s confirmation of Mike Selig to lead the CFTC, according to Forbes, aligning with her stated plan to leave once a permanent chair was in place.
  • Under Pham, the CFTC advanced crypto-market reforms including permitting listed spot trading on regulated exchanges, a pilot allowing BTC, ETH and USDC as derivatives collateral, and the creation of a CEO Innovation Council.
  • Additional steps she backed included proposing the rescission of older digital-asset guidance and launching a sandbox for tokenized Treasuries and money market funds, as reported by Crypto Briefing.
  • MoonPay, founded in 2019 and based in New York, has processed over $8 billion for more than 30 million users, raised $555 million, holds a New York BitLicense, and recently secured a New York trust charter.