Power Struggle Engulfs Crypto Watchdog, Uncertainty Brews
The U.S. Commodity Futures Trading Commission (CFTC), responsible for overseeing cryptocurrency markets, is currently caught in a leadership crisis that has left it struggling to maintain stability and authority. President Donald Trump nominated Brian Quintenz to head the CFTC, but his appointment has stalled for months due to pushback from parts of the industry. In the meantime, Caroline Pham, the acting chair and currently the only sitting commissioner, has been running the agency alone. With little oversight from fellow commissioners, Pham has independently dismissed and reassigned enforcement staff, raising concerns about the agency’s ability to police volatile sectors such as…
