CFTC commissioner appoints senior policy adviser experienced in digital asset regulation

CFTC commissioner appoints senior policy adviser experienced in digital asset regulation

Caroline Pham is currently serving as a Commissioner at the United States Commodity Futures Trading Commission (or CFTC). She has announced that a former head U.S. regulatory policy at investment bank Credit Suisse Securities will join her team.

Pham announced Friday that Keaghan Ames would be her senior policy advisor and counselor at the CFTC, beginning May 23. Ames was vice president and head U.S. regulatory policy at Credit Suisse for over two years. He also advised executives on regulation of digital assets. Ames will join the CFTC after a stint at the Institute of International Bankers as director of government affairs.

Pham was sworn in as a Commissioner in April. He is one of five heads at the CFTC, Rostin Begnam being the chair. All of them were appointed by Joe Biden. Pham is the newest commissioner to join CFTC after the confirmations of Christy Goldsmith Romero and Summer Mersinger.

NEWS: CFTC Commissioner Pham Announces Additional Employee Appointments. https://t.co/iaRdxlhyjw
— CFTC (@CFTC), May 13, 2022

Credit Suisse’s Ames tenure saw the digital asset arm test end-to-end fund transactions with blockchain technology. Later, it piloted a settlement system between Instinet, Paxos, and itself. The company was the victim in February of massive data leakage concerning its account holders. This reportedly included sanctioned persons and heads of states.

Related: CME Group chief counsel is appointed by the CFTC as crypto-experienced CME Group commissioner

The CFTC, along with the Federal Reserve and Securities and Exchange Commission, Department of the Treasury and Financial Crimes Enforcement Network, manages policy regarding digital asset regulation and enforcement in the United States. Cointelegraph reported that the agency sought a budget of $365 million for its next fiscal year, partly based on the risks associated with digital asset custodians.

Cointelegraph reached Keaghan Ames but didn’t receive a reply at the time of publication.

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