Caroline Pham steps down as acting chair of the US Commodity Futures Trading Commission. Mike Selig sworn in as the agency’s 16th chairman. Selig, known for his pro-crypto stance, vows to support growth in innovative technologies like crypto and blockchain without “regulation by enforcement.” White House crypto czar praises Selig as part of a “dream team” for clear regulatory guidelines.

Pham leaves CFTC to join crypto fintech company MoonPay. During her tenure, she took a proactive approach to supporting crypto regulation. Pham emphasizes the CFTC’s focus on promoting responsible innovation and fair competition, especially in new markets like digital assets and prediction markets. Selig praised for his pragmatic and common-sense approach to balancing innovation and market integrity.

Read more at Cointelegraph: Michael Selig Takes Over CFTC as Caroline Pham Departs