CFTC Commissioner Appoints Senior Policy Advisor With Experience In Regulating Digital Assets

In a statement on Friday Pham said that beginning May 23, Keaghan Ames will be his advisor and senior policy advisor at the CFTC. Ames worked at Credit Suisse for more than two years as vice president and head of US regulatory policy, including advising executives on digital asset regulation. He joins the CFTC from the Institute of International Bankers, where he has served as Director of Government Affairs since July 2021.

Pham was sworn in as commissioner in April and is one of five acting chiefs of the CFTC under Chairman Rostin Behnam, all appointed by US President Joe Biden. Pham is the youngest commissioner to join the CFTC after confirming Christy Goldsmith Romero, Summer Mersinger and Kristin Johnson.

During Ames’ time at Credit Suisse, the company’s digital assets arm tested end-to-end fund transactions using blockchain technology and then piloted a settlement system between itself, Paxos and Instinet. In February, the company fell victim to a massive data breach regarding its account holders, which allegedly included sanctioned individuals and heads of state.

CFTC Commissioner Appoints Senior Policy Advisor With Experience In Regulating Digital Assets
CFTC Commissioner Appoints Senior Policy Advisor With Experience In Regulating Digital Assets

Along with the Federal Reserve, the Securities and Exchange Commission, the Department of the Treasury, and the Financial Crimes Enforcement Network, the CFTC is responsible for the regulation and enforcement of digital assets in the United States. Cointelegraph reported in March that the government agency is targeting a budget of $365 million for the next fiscal year, based in part on risks related to digital asset custodians.

Caroline Pham, current commissioner of the US Commodity Futures Trading Commission (CFTC), has announced that you will be joined by a former head of US regulatory policy at investment bank Credit Suisse Securities.

Cointelegraph reached out to Keaghan Ames but received no response as of press time.

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