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CFTC commissioner appoints senior coverage adviser skilled in digital asset regulation

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In a Friday announcement, Pham mentioned Keaghan Ames shall be her counselor and senior coverage adviser on the CFTC beginning May 23. Ames labored at Credit Suisse for greater than two years as vp and head of U.S. regulatory coverage, which included advising executives on digital property regulation. He shall be becoming a member of the CFTC from the Institute of International 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 beneath chair Rostin Behnam — all of which have been appointed by United States President Joe Biden. Pham is the most recent commissioner to hitch the CFTC following the affirmation of Christy Goldsmith Romero, Summer Mersinger, and Kristin Johnson.

During Ames’ time at Credit 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 knowledge leak regarding its account holders, reportedly together with sanctioned people and heads of state.

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

Together with the Federal Reserve, Securities and Exchange Commission, Department of the Treasury, and Financial Crimes Enforcement Network, the CFTC handles coverage round digital asset regulation and enforcement within the United States. Cointelegraph reported in March that the federal government company was looking for a $365 million funds for the following fiscal 12 months based mostly partly 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 on the United States Commodity Futures Trading Commission, or CFTC, has introduced a former head of U.S. regulatory coverage at funding banking agency Credit Suisse Securities shall be becoming a member of her employees.