INSUBCONTINENT EXCLUSIVE:
lawmakers as his nomination moves forward in the Senate
His role could expand significantly if current legislation shifting crypto oversight to the agency becomes law.The Senate Agriculture
The meeting will follow a hearing held by the committee in June, marking the first step in his nomination since Trump announced it in
passage in the House of Representatives on Thursday
The digital asset market structure bill is expected to give more authority to the CFTC over regulating cryptocurrencies in a shift of
As of July, only acting CFTC Chair Caroline Pham and commissioner Kristin Johnson were serving at the agency, but both are expected to
significant bipartisan support, it was unclear at the time of publication whether the bill would have the votes to pass in the Senate, or
what amendments would be offered for the legislation
Leadership at the Senate Banking Committee said in June that they planned to pass the bill before October.The impact of the finalized bill
on the CFTC and SEC and their roles in regulating digital assets remains to be seen
However, Pham has publicly supported the market structure and stablecoin bills, giving most of the credit to Trump for their passage
