Catenaa, Tuesday, September 23, 2025- The US Commodity Futures Trading Commission (CFTC) has added prominent crypto and Wall Street figures to its Global Markets Advisory Committee and Digital Asset Markets Subcommittee, signaling a push for stronger industry-informed regulation.
JPMorgan’s Scott Lucas and Franklin Templeton’s Sandy Kaul were named co-chairs of the subcommittee, succeeding Caroline Butler.
New DAMS members include Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill of BNY Mellon, and Ben Sherwin of Chainlink Labs.
Their expertise spans blockchain infrastructure, legal policy, and institutional crypto strategy, aligning with the CFTC’s efforts to harmonize oversight and reduce market risks.
Acting Chair Caroline D. Pham, serving through 2027, launched a “Crypto Sprint” initiative to implement recommendations from the President’s Working Group on Digital Assets.
The program addresses overlapping jurisdiction between the CFTC and the SEC and supports clearer regulatory guidance for tokenization, decentralized finance, and digital asset trading.
The appointments coincide with growing Wall Street interest in tokenized finance. BNY Mellon partnered with Goldman Sachs to tokenize money-market funds, while JPMorgan explores crypto-backed lending and blockchain settlement systems.
Recent legislation, including the GENIUS Act, and the draft Responsible Financial Innovation Act of 2025, aim to redefine SEC-CFTC roles, provide explicit protections for DeFi developers, and categorize airdrops, staking rewards, and DePIN tokens as non-securities.
The CFTC’s strengthened advisory structure positions the agency to play a decisive role in shaping US crypto finance, ensuring regulatory clarity, consumer protections, and support for innovation across the digital asset ecosystem.
