Summary
- The US CFTC said it has appointed Michael Passalacqua, a lawyer specializing in virtual assets, as one of its two senior counsels.
- It said the appointment is expected to contribute to refining the CFTC’s policy and supervisory framework amid the digital asset market environment.
- It said this reflects the CFTC’s move to strengthen its supervisory capabilities over the virtual-asset market and to further sharpen related regulation and legal interpretations.
According to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), on the 20th (local time) the US Commodity Futures Trading Commission (CFTC) appointed a lawyer specializing in virtual assets as one of its two senior counsels.
CFTC Chairman Michael Selig recently named Michael Passalacqua as a senior counsel. Passalacqua previously worked at global law firm Simpson Thacher & Bartlett, where he primarily handled litigation and regulatory issues related to virtual assets.
Chairman Selig said, "Passalacqua brings experience handling complex virtual-asset cases, and we expect him to contribute to refining the CFTC’s policy and supervisory framework in the rapidly changing digital-asset market environment."
The appointment is seen as part of the CFTC’s broader push to strengthen its supervisory capabilities over the virtual-asset market and to further sharpen related regulation and legal interpretations.
