CFTC appoints veteran crypto lawyer as senior advisor, signaling a new regulatory stance

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【Crypto World】Regulatory circles are making new moves. The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, recently announced that senior crypto attorney Michael Passalacqua has officially joined the CFTC as a senior advisor.

This lawyer has accumulated extensive experience in blockchain and cryptocurrency litigation—he previously participated in drafting a key letter that directly prompted the U.S. Securities and Exchange Commission (SEC) to issue a no-action letter. The significance of this letter lies in opening the door for state-chartered trust companies to participate in crypto asset custody services.

From a broader perspective, the CFTC’s role in the overall crypto regulatory system is continuously increasing. This appointment of an experienced advisor in the crypto field clearly aims to make regulatory approaches more aligned with industry realities. In other words, the CFTC is actively embracing a “forward-looking” regulatory attitude—this sends positive signals to the crypto industry and institutional investors’ participation.

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OnchainDetectivevip
· 9h ago
Oh wow, CFTC played that move well. Finally, someone who knows the game.
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ContractCollectorvip
· 9h ago
Wow, has the CFTC finally woken up? Bring in a knowledgeable lawyer; it seems like this time they genuinely want to chat rather than attack us.
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RugpullTherapistvip
· 9h ago
Well, now the CFTC really wants to hear our voice, not just the regulation approach.
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NftMetaversePaintervip
· 9h ago
honestly passalacqua moving to cftc feels like the algorithm finally computed what actual regulation should look like... the hash of his sec letter literally unlocked institutional custodianship, that's not coincidence, that's aesthetic computation at work
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DegenMcsleeplessvip
· 9h ago
This guy really knows his stuff. Finally, someone has spoken the truth. I give full marks to the CFTC's move in this round.
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