Overview
- MoonPay announced it will appoint Caroline Pham as chief legal and administrative officer, and Pham confirmed she will depart the CFTC once a permanent chair is installed.
- Pham’s transition is contingent on SEC official Mike Selig being confirmed to lead the CFTC, and she said she expects a smooth handover once he is sworn in.
- In her new role, Pham will oversee MoonPay’s global legal and administrative functions and guide the company’s policy and regulatory strategy in Washington.
- As acting chair, Pham advanced crypto-friendly steps at the CFTC, including a pilot to use bitcoin, ether and certain stablecoins as collateral, enabling listed spot crypto trading on CFTC-regulated venues, and moving to withdraw the 2020 ‘actual delivery’ guidance, with Bitnomial among early adopters.
- MoonPay recently secured a New York BitLicense and a limited-purpose trust charter from NYDFS, positioning the company to expand U.S. custody, OTC trading and payments services.