Industry-Shifting Appointment
CFTC Chair Michael Selig recently announced the appointment of Michael Passalacqua, a legal expert with extensive experience in cryptocurrency and blockchain-related cases, as senior advisor. This decision marks a significant step forward for the CFTC in addressing the regulatory challenges of emerging digital assets.
Impressive Legal Background
Michael Passalacqua previously worked at the prominent U.S. law firm Simpson Thacher & Bartlett and served as assistant general counsel at a crypto-focused capital markets firm. In these roles, he gained substantial experience in regulatory compliance and transaction structuring.
Far-Reaching Implications
This appointment is widely seen as a strategic move by the CFTC to pursue a more professional and practical approach to digital asset regulation. Passalacqua’s expertise is expected to help shape forward-looking policies and provide greater clarity for market participants.
- Enhancing regulatory transparency
- Driving industry growth and compliance
- Strengthening policy-making with expert insight