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Trump appoints Caroline Pham as acting CFTC chair

Caroline Pham has been appointed by President Trump as the acting chair of the Commodity Futures Trading Commission (CFTC). She expressed gratitude towards Trump and the CFTC staff for their support, emphasizing her mission to enhance market functions and aid the U.S. Economy.

Pham’s regulatory approach includes proposed ‘regulatory sandboxes’ that allow digital companies to test products under supervision. Moreover, she has expressed disagreement with certain CFTC regulations, particularly those affecting election trading.

Previously a junior commissioner, Pham was nominated by former President Biden. She is expected to lead the CFTC temporarily until a permanent chair is appointed, with the current chairman, Rostin Behnam, set to step down in February 2025.

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