Acting CFTC Chair Caroline Pham to Join Crypto Firm MoonPay Following Senate Confirmation of Successor
Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), is expected to leave her position and join MoonPay as the chief legal officer and chief administrative officer after the Senate confirms her replacement.
Mike Selig, President Trump's nominee for CFTC chair and a current SEC official, is slated for a Senate vote with confirmation anticipated on Wednesday evening. Once Selig is sworn in, Pham plans a smooth transition out of her regulatory role.
MoonPay, a crypto firm that recently obtained a New York trust charter and holds a New York BitLicense, provides crypto trading, payments, and stablecoin infrastructure. In her new role, Pham will oversee MoonPay’s policy and regulatory strategy in Washington, focusing on compliance and growth rather than direct commodity regulatory oversight, as this position is not regulated by the CFTC.
Pham has been recognized for leading aggressive crypto-friendly policy initiatives during her time at the CFTC, with several new measures going live as Selig’s confirmation process advances. MoonPay CEO Ivan Soto-Wright praised Pham as an influential U.S. financial regulator and described her as a fitting leader for the company’s continued growth and compliance efforts.
