CFTC appoints veteran crypto lawyer as senior advisor, signals regulatory friendliness

NullWhisperer · 2026-01-21T00:54:11+00:00

U.S. CFTC Chairman Michael Selig announces senior crypto attorney Michael Passalacqua joins the CFTC as a senior advisor, marking the regulator's increased attention and adaptation to the crypto industry. This appointment reflects the CFTC's enhanced understanding of the crypto ecosystem, and future policies will be more aligned with market realities, aiming to protect investors and promote innovation.

NullWhisperer

2026-01-21 00:54:11

Abstract generation in progress

【Blockchain Rhythm】On January 21, CFTC Chairman Michael Selig announced that senior crypto attorney Michael Passalacqua has officially joined the CFTC as a senior advisor. This lawyer has extensive experience in cryptocurrency and blockchain litigation and has participated in drafting key letters urging the SEC( to refrain from taking enforcement actions, paving the way for state-chartered trust companies to engage in crypto asset custody services.

The signals behind this personnel appointment are worth noting. As the CFTC’s influence in crypto regulation continues to grow, bringing in crypto experts with practical experience indicates that regulatory agencies are actively adapting to industry development. From a systemic design perspective, this reflects an upgraded understanding of the complexities of the crypto ecosystem and also hints that future policy-making will be more aligned with market realities. The success of the no-action letters demonstrates that regulators who understand industry pain points can craft policy frameworks that both protect investors and promote innovation.

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APY追逐者

· 16h ago

Hey, finally someone knowledgeable has entered, so regulation might not be so outrageous anymore.

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nft_widow

· 16h ago

Wow, is the CFTC really serious this time? Brought in a knowledgeable lawyer, feels like regulation is about to start "speaking human language."

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TokenomicsDetective

· 16h ago

Damn, the CFTC has finally stepped in. This time, are they not here to crash the market? --- Alright, finding someone who knows what they're doing is much better than those armchair strategists. --- Wait, did this guy previously help push the SEC's non-action letter? Now he's involved with the CFTC... is he paving the way? --- Regulatory friendliness? To me, it looks more like they're laying out the red carpet for certain whales. --- This move is a bit something; at least it's not purely about choking off development. --- Wow, one lawyer handling two agencies. Next step, maybe they can just write the regulations themselves, haha. --- Honestly, compared to those previous regulators who were purely anti-crypto, this is indeed progress. But don't celebrate too early; we still need to watch their subsequent actions.

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