Caroline Pham, a Republican commissioner at the Commodity Futures Trading Commission (CFTC), has been nominated to serve as the acting chair of the agency. This appointment comes as President Donald Trump's administration plans to adopt a more favorable stance towards digital assets. Pham's background includes significant experience in crypto and digital asset policy, and she has directed the agency's Global Markets Advisory Committee, focusing on regulatory approaches for digital assets. The CFTC is expected to play a crucial role in the oversight of cryptocurrency spot markets, especially for major tokens like Bitcoin and Ethereum, as new legislative efforts emerge. Pham’s leadership will continue until a permanent chair is nominated by Trump and confirmed by the Senate. The decision to elevate her was made through a vote by the commission, reflecting the preferences of the incoming leadership. Pham is poised to steer the agency at a pivotal time in the evolving landscape of cryptocurrency regulation.

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