CFTC’s Caroline Pham Considers Departure, Agency Faces Majority Loss
As Summer Mersinger is set to leave her role to head the Blockchain Association, Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), has also indicated that she might depart when the new chair arrives, potentially reducing the commission to just two members.
Key Points:
- Caroline Pham has been vocal about contemplating her exit from the CFTC ahead of the new chair’s arrival, according to sources.
- Summer Mersinger recently confirmed her plans to leave, which could lead to a commission with just two members, including Democrat Kristin Johnson.
Pham’s departure would create significant uncertainty regarding the agency’s future policies. If Brian Quintenz, Trump’s nominee for the chairmanship, is confirmed, the agency could be under his leadership alongside only one other commissioner.
Mersinger expressed her bittersweet feelings regarding her resignation, acknowledging her fondness for the agency during her five years of service and emphasizing the importance of her new role in shaping future crypto policy.
“This decision is not easy, and it breaks my heart to leave the agency that I have grown to love so much over the last five years,” Mersinger stated.
“Це рішення не є легким, і мені шкода залишати агентство, яке я так полюбила протягом останніх п’яти років.”
With only two commissioners left and significant policy changes on the horizon, the agency’s ability to adapt may be hindered as Congress continues to consider new legislation affecting the crypto sphere.
