In a significant move, Donald Trump appointed Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC) shortly after his inauguration. With experience as a CFTC commissioner since April 2022, Pham is expected to influence the regulatory landscape for digital assets. Pham expressed her honor in leading the commission during this crucial period. Her appointment follows the departure of the previous chair on Trump's inauguration day. Trump holds the power to make temporary appointments under the Federal Vacancies Reform Act until a Senate-confirmed permanent chair is nominated. Pham has previously advocated for investor protections and clearer regulations around cryptocurrencies, but the future regulatory approach remains uncertain with mixed indications on how the CFTC and Securities and Exchange Commission (SEC) will navigate the crypto market. Trump's administration also hinted at plans for further actions affecting the crypto industry, including nominating a new chair for the SEC and potentially signing executive orders focused on cryptocurrency and blockchain.

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