Trump Appoints Caroline Pham as Acting CFTC Chair, Uyeda as Interim SEC Lead, and Forms Crypto Task Force

Ogunsakin Mustapha
2 Min Read

President Trump has appointed Caroline Pham as acting chair of the Commodity Futures Trading Commission (CFTC), a move widely regarded as a win for the crypto industry. Pham, who joined the CFTC in 2022, has consistently supported a principles-based approach to regulation and opposed enforcement actions she deemed overreaching.

“I’m humbled to lead the CFTC as Acting Chairman,” she said in a statement, pledging to foster innovation and market competitiveness. Trump has 210 days to nominate a permanent chair.

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At the U.S. Securities and Exchange Commission (SEC), Mark Uyeda has been named acting chair following the departure of SEC chairman Gary Gensler. Uyeda has been critical of the SEC’s previous crypto enforcement strategies, calling them a “disaster” due to their lack of clear guidance. His interim leadership is expected to last until former SEC Commissioner Paul Atkins is confirmed as the permanent chair.

Additionally, the SEC announced the formation of a crypto task force led by Commissioner Hester Peirce, who is more informally known as “crypto mom” in crypto circles. Peirce will focus on crafting clear regulatory frameworks and practical registration pathways for crypto firms. The developments reflect a broader push for clarity in U.S. crypto regulations as Congress considers expanding the CFTC’s oversight of the industry.

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