Caroline Pham Steps Down as CFTC Chair: Impacts Looming Uncertainty in Crypto Markets

Caroline Pham’s impending departure as Acting Chairman of the CFTC marks a significant shift for the agency and ripples through the cryptocurrency landscape. Her decision to resign, effective once Brian Quintenz is confirmed as the new chair, comes amidst heightened regulatory scrutiny regarding crypto regulations in the U.S. This change triggers uncertainty within the market as crucial cryptocurrency oversight bills remain stalled, potentially altering the CFTC’s policy direction under Quintenz’s leadership.