The Commodity Futures Trading Commission released a statement from Acting Chairman Caroline D. Pham as she assumes leadership of the agency, signalling a change in direction as the regulator approaches its 50th anniversary. Pham said the CFTC will “get back to the basics” by refocusing on its statutory mandate to promote market integrity and liquidity in commodity derivatives markets while promoting responsible innovation and fair competition. Pham highlighted the role of derivatives markets in enabling American commercial end-users to mitigate business risks and support the real economy, and she thanked former Chairman Rostin Behnam and fellow commissioners. The release also set out her background, including her service as a CFTC Commissioner since April 2022, experience in derivatives and digital assets, and her role sponsoring the CFTC’s Global Markets Advisory Committee, which has issued recommendations covering topics such as U.S. Treasury and repo market reform, central counterparty resilience, streamlining trade reporting data, tokenized collateral, and a U.S. digital asset taxonomy.

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