CFTC Commissioner Appoints Senior Policy Advisor Experienced in Digital Asset Regulation

Caroline Pham, currently a commissioner with the US Commodity Futures Trading Commission (CFTC), announced that the former head of US regulatory policy at investment banking firm Credit Suisse Securities will join her team.

In Friday’s announcement, Pham said Keaghan Ames will serve as her advisor and senior policy advisor to the CFTC starting May 23. Ames served as Vice President and Head of U.S. Regulatory Policy at Credit Suisse for more than two years, which included advising executives on digital asset regulation. He will join the CFTC from the International Bankers Association as Director of Government Affairs from July 2021.

Pham, who was sworn in as commissioner in April, is one of five heads under CFTC Chairman Rostin Behnam — all appointed by U.S. President Joe Biden. Pham is the latest commissioner to join the CFTC following the confirmations of Christy Goldsmith Romero, Summer Mersinger and Kristin Johnson.

During Ames’ time at Credit Suisse, the firm’s digital assets division tested end-to-end fund transactions using blockchain technology, and later Pilot settlement system Between Paxos and Instinet. In February, the company became Victim of a massive data breach Regarding its account holders, it has reportedly included sanctioned individuals and heads of state.

related: CFTC Commissioner Appoints Crypto-Experienced CME Group Director as General Counsel

The CFTC works with the Federal Reserve, the Securities and Exchange Commission, the Treasury Department, and the Financial Crimes Enforcement Network on policy regarding the regulation and enforcement of digital assets in the United States. Cointelegraph reported in March that the government agency was Seeking a $365 million budget Portions for the next fiscal year are based on digital asset custodian risks.

Cointelegraph reached out to Keaghan Ames but did not hear back at the time of publication.