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CFTC Chairman appoints veteran crypto attorney Passalacqua as Senior Advisor
CoinVoice has learned that, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig announced the appointment of senior crypto attorney Michael Passalacqua to join the CFTC as a senior advisor, bringing extensive experience in cryptocurrency and blockchain litigation. Michael Passalacqua previously participated in drafting a letter prompting the U.S. Securities and Exchange Commission (SEC) to issue a no-action letter, allowing state chartered trust companies to serve as cryptocurrency custodians.
As the CFTC’s role in cryptocurrency regulation becomes increasingly important, the appointment of a new advisor with extensive experience in the crypto field signifies that the CFTC is working to make its regulatory approach “future-oriented.”