The CFTC appoints new members to its Global Markets Advisory Committee, including crypto industry leaders for the Digital Asset Markets Subcommittee. Acting Chair Caroline D. Pham named four new members and appointed Scott Lucas as co-chair of DAMS alongside Sandy Kaul. The goal is to shape clear regulatory frameworks in the digital asset market.

The DAMS advises the CFTC on cryptocurrency, blockchain, and tokenized markets, providing expert guidance on risks and opportunities. Pham, designated Acting Chair in January, aims to bridge traditional and decentralized finance while developing policy recommendations. The DAMS works to advance digital asset innovation with well-designed consumer protections.

Wall Street firms deepen involvement in blockchain and decentralized finance, with major companies exploring tokenized real-world assets, stablecoins, and settlement infrastructure. BNY Mellon partners with Goldman Sachs for tokenized money-market funds, while JPMorgan explores stablecoins and crypto-backed lending. Adoption grows amid favorable regulation, including the signing of the GENIUS Act into law.

Acting Chair Pham aligns the CFTC with the White House’s pro-crypto agenda by launching a “Crypto Sprint” to implement recommendations from the President’s Working Group on Digital Asset Markets. The CFTC aims to clarify jurisdiction over digital assets between itself and the SEC, in line with the July report on strengthening American leadership in digital financial technology.

Read more at Cointelegraph: CFTC Appoints Crypto Leaders to Digital Asset Markets Subcommittee