CFTC commissioner appoints senior coverage adviser skilled in digital asset regulation

In a Friday announcement, Pham stated Keaghan Ames will likely be her counselor and senior coverage adviser on the CFTC beginning Could 23. Ames labored at Credit score Suisse for greater than two years as vice chairman and head of U.S. regulatory coverage, which included advising executives on digital property regulation. He will likely be becoming a member of the CFTC from the Institute of Worldwide Bankers, the place he has been the director of presidency affairs since July 2021.

Sworn in as a commissioner in April, Pham is one among 5 heads serving on the CFTC below chair Rostin Behnam — all of whom have been appointed by United States President Joe Biden. Pham is the newest commissioner to affix the CFTC following the affirmation of Christy Goldsmith Romero, Summer season Mersinger and Kristin Johnson.

Throughout Ames’ time at Credit score Suisse, the agency’s digital asset arm examined end-to-end fund transactions utilizing blockchain know-how, later piloting a settlement system between itself, Paxos and Instinet. In February, the corporate was the sufferer of an enormous information leak regarding its account holders, reportedly together with sanctioned people and heads of state.

Associated: CFTC commissioner appoints crypto-experienced CME Group director as chief counsel

Along with the Federal Reserve, Securities and Alternate Fee, Division of the Treasury, and Monetary Crimes Enforcement Community, the CFTC handles coverage round digital asset regulation and enforcement in america. Cointelegraph reported in March that the federal government company was in search of a $365 million funds for the following fiscal 12 months based mostly, partially, on the dangers round digital asset custodians.

Cointelegraph reached out to Keaghan Ames, however didn’t obtain a response on the time of publication.

Caroline Pham, at the moment serving as a commissioner at america Commodity Futures Buying and selling Fee, or CFTC, has introduced a former head of U.S. regulatory coverage at funding banking agency Credit score Suisse Securities will likely be becoming a member of her employees.