Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), has announced significant leadership changes at the agency, just days after being appointed by President Donald Trump.
Pham outlined the new leadership structure in a January 22 statement, naming interim officials to key positions, including the agency's market oversight and enforcement divisions, as well as its crypto outreach initiatives.
Harry Jung, a former policy adviser to Pham, has been appointed acting chief of staff and will oversee the CFTC's engagement with crypto, decentralized finance (DeFi), and other digital assets.
Jung's Background Could Lead to “Interesting” Regulatory Approaches
Known for her crypto-friendly stance, Pham's decision to place Jung—a legal expert with experience at Morgan Stanley and CitiBank—in this role has drawn attention from industry insiders.
Crypto trader Monolith remarked that Jung's background could lead to "interesting" regulatory approaches, while CoinFund President Christopher Perkins welcomed the CFTC's proactive engagement with crypto under Jung's leadership.
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