CFTC’s acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands

Caroline Pham, the stand-in chief of the U.S. Commodity Futures Trading Commission, is on the brink of joining the crypto firm MoonPay once Mike Selig is confirmed to take over her position. Pham, who has been planning this move for some time, is set to become the chief legal officer and chief administrative officer at MoonPay, a financial technology company that recently obtained a New York trust charter.

In a statement released by MoonPay, Pham expressed her excitement about the transition, stating that she is looking forward to joining the company at a pivotal moment. She also mentioned on social media platform X that she anticipates a smooth transition once Selig assumes his new role.

Pham, a former managing director at Citigroup, has been a strong advocate for crypto-friendly policies during her time at the CFTC. Her departure comes at a time when the agency has been implementing new initiatives in the crypto space. Meanwhile, Selig, who is currently an official at the U.S. Securities and Exchange Commission, is expected to be approved by the Senate in a vote scheduled for Wednesday evening.

Ivan Soto-Wright, the co-founder and CEO of MoonPay, praised Pham for her leadership in U.S. financial regulation, describing her as a key figure in shaping the future of digital assets. In her new role at MoonPay, Pham will oversee the company’s policy and regulatory strategy in Washington, although the company is not directly regulated by the CFTC.

Overall, Pham’s move to MoonPay signifies a significant shift in her career and highlights the growing importance of crypto in the financial sector. Stay tuned for more updates on this developing story.