In one of his first official acts as President, Donald Trump appointed Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC). Pham, who has been a commissioner since April 2022 after being nominated by former President Joe Biden, expressed her humility and honor at the appointment during a pivotal time for the regulator. Former CFTC chair Behnam had announced his decision to step down coinciding with Trump's inauguration. Pham's temporary role allows her to address critical issues such as cryptocurrency regulation while a permanent head is confirmed by the Senate. The ongoing uncertainty in how the CFTC and the Securities and Exchange Commission (SEC) will handle digital asset regulations under the Trump administration is noteworthy. Trump's administration is expected to propose significant changes for the crypto industry, including a potential nomination for a new SEC chair and executive orders regarding crypto. Pham’s appointment highlights the evolving landscape of crypto regulation under the new administration.

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