Caroline Pham, the newly appointed chairman of the U.S. Commodity Futures Trading Commission (CFTC) by President Donald Trump, has removed several senior officials from the derivatives regulator, which is expected to influence cryptocurrency oversight. The changes follow the term of Rostin Behnam, a Democrat appointed by Joe Biden. Pham announced a series of appointments for interim officials to fill the vacated positions, including Harry Jung as the agency's acting chief of staff, who will now lead engagement with the crypto sector. The departures include the agency’s general counsel and leaders from various divisions such as enforcement and public affairs. Pham expressed gratitude for the previous officials' service and introduced new interim leaders, including Meghan Tente and Briang Young, who is the new enforcement director. The reshuffling occurs as Congress is preparing to work on a cryptocurrency bill, which could elevate the CFTC's role in the evolving digital asset landscape.

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