The CFTC has established an innovation committee to urgently recruit a CEO, as the U.S. encryption regulatory system is accelerating its restructuring.

At this critical time of restructuring the cryptocurrency regulatory framework in the United States, the Commodity Futures Trading Commission (CFTC) is strengthening its efforts to expand regulation over digital assets through organizational adjustments.

Recently, CFTC acting chair Caroline Pham announced the launch of an open recruitment for a chief executive officer for the newly established "Innovation Committee" to enhance the agency's expertise in the regulation of digital assets. The nomination deadline is December 8, and candidates can submit their applications via the designated email.

This initiative echoes the legislative process in Congress. Currently, multiple proposals in both the House of Representatives and the Senate plan to expand the CFTC's regulatory authority over digital assets, although the specific legislative timeline remains unclear.

In response to the trend of potentially expanding regulatory responsibilities, the CFTC has adopted a multifaceted approach. In addition to forming an innovation committee, the agency has also launched the "cryptocurrency sprint" initiative, focusing on clarifying regulatory rules and innovating spot trading products.

Vice Chair Pham emphasized in a public statement that the deep involvement of industry experts is crucial for formulating regulatory policies that both promote innovation and manage risks, which is also the fundamental reason for her urgent recruitment of a Chief Executive Officer.

At the same time, the leadership of the CFTC is about to undergo significant changes. Acting Chair Pham confirmed that he will leave after the new chairman takes office, and the Senate is currently reviewing the appointment of Michael Selig, who was nominated by Trump. This personnel change will bring new variables to the regulatory direction of the agency, but the overall trend of strengthening encryption currency regulation is expected to continue to evolve.

In summary, by improving the organizational structure, advancing legislative preparations, and optimizing the talent pool, the CFTC is making systematic preparations to undertake more significant regulatory responsibilities for digital assets.

Despite the uncertainties in the legislative process and the imminent leadership changes, the trend of professionalizing the regulatory system has already been established.

These measures will not only impact the regulatory landscape of digital assets in the United States but may also provide an important reference for global encryption regulatory practices through the dual drivers of "regulatory innovation" and "industry participation."

#CFTC监管 # Innovation Committee