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CFTC Commissioner Appoints Senior Policy Adviser Experienced in Regulating Digital Assets

In Friday’s announcement, Pham said that Keegan Ames will become her advisor and senior policy adviser at the CFTC from May 23 to asset management. He will join the CFTC from the Institute of International Bankers, where he has served as Director of Government Relations since July 2021.

Sworn in as commissioner in April, Pham is one of five heads serving in the CFTC under the chairmanship of Rostin Benam, all appointed by US President Joe Biden. Pham is the latest commissioner to join the CFTC following the approval of Christy Goldsmith Romero, Summer Mersinger and Kristin Johnson.

During Ames’s tenure at Credit Suisse, the firm’s digital assets department tested end-to-end fund transactions using blockchain technology, and then piloted a settlement system between themselves, Paxos, and Instinet. In February, the company was the victim of a massive data breach about its account holders, including reportedly sanctioned individuals and heads of state.

Related: CFTC Commissioner Appoints CME Group Director With Crypto Experience as General Counsel

Together with the Federal Reserve, the Securities and Exchange Commission, the Treasury Department, and the Financial Crime Enforcement Network, the CFTC is engaged in digital asset regulation and enforcement policy in the United States. It was reported in March that the state agency was seeking a $365 million budget for the next fiscal year, partly based on the risks associated with digital asset custodians.

Cointelegraph reached out to Keegan Ames but received no response as of press time.

Caroline Pham, currently Commissioner of the US Commodity Futures Trading Commission, or CFTC, announced that the former head of US regulatory policy at investment banking firm Credit Suisse Securities will join her staff.

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