In Friday’s announcement, Pham said: said Keaghan Ames will be the CFTC’s Advisor and Chief Policy Advisor from 23 May. Ames served at Credit Suisse for more than two years as Vice President and Head of U.S. Regulatory Policy, which includes his advice on digital asset regulation. He will join the CFTC at the Institute of International Bankers, where he served as the Managing Director from July 2021.
Pham, who took office in April, is one of five CFTC directors led by Chairman Rostin Benam, all appointed by US President Joe Biden. Pham is the latest member to join the CFTC, confirmed by Christy Goldsmith Romero, Summer Mersinger and Kristin Johnson.
News: CFTC Director Pham announces additional staff appointments. https://t.co/iaRdxlhyjw
— CFTC (@CFTC) May 13, 2022
While Ames worked at Credit Suisse, the company’s digital assets division tested end-to-end money transactions using blockchain technology and later piloted a payment system between Paxos and Instinet. In February, the company was the victim of a large-scale data breach about account holders, including sanctioned individuals and heads of state.
Relevant: CFTC Commissioner Appoints Cryptocurrency Experienced CME Group Director as Senior Advisor
Together with the Federal Reserve, the Securities and Exchange Commission, the Department of the Treasury, and the Financial Crimes Enforcement Network, the CFTC handles US digital asset regulation and enforcement policies. Cointelegraph reported in March that the government agency is seeking a budget of $365 million for the next fiscal year, in part based on the risks surrounding digital asset managers.
Cointelegraph has contacted Keaghan Ames but has not received a response at the time of publication.
Caroline Pham, now a member of the Commodity Futures Trading Commission (CFTC), has announced the hiring of former US regulatory policy officer for investment banking firm Credit Suisse Securities.