U.S. Acting CFTC Chair to Join MoonPay as Chief Legal and Administrative Officer

JH Kim

Summary

Caroline Pham, acting U.S. CFTC chair, is reported to be joining MoonPay as chief legal and administrative officer.
MoonPay said it plans to strengthen its capabilities in regulatory strategy and external policy response through this appointment.
They said that coinciding with the U.S. Senate's confirmation vote schedule for the CFTC chair, MoonPay's regulatory·policy line strengthening could take place simultaneously.

Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), is expected to join virtual asset (cryptocurrency) payments firm MoonPay. She will serve as MoonPay's chief legal and administrative officer (CLAO) and oversee policy and regulatory strategy.

On the 17th (local time), according to crypto-focused media Crypto Briefing, Acting Pham is expected to lead external policy responses and the formulation of regulatory strategy through joining MoonPay. MoonPay is a firm that provides virtual asset payment infrastructure, and the move is interpreted as an effort to strengthen its capacity to respond to future changes in the regulatory environment.

This personnel change coincides with the schedule for replacing the head of the CFTC. The U.S. Senate plans to hold a confirmation vote this week for CFTC chair nominee Michael Selig.

The outlet said that if Selig's confirmation process proceeds, Acting Pham's term will also end. Accordingly, there is a possibility that the CFTC's leadership vacancy will be resolved at the same time MoonPay strengthens its regulatory·policy line.