The U.S. Commodity Futures Trading Commission (CFTC) is deepening its engagement with the digital asset industry by appointing new members to its Global Markets Advisory Committee (GMAC) and its Digital Asset Markets Subcommittee (DAMS). This move signals a push to integrate industry expertise directly into policymaking.
Scott Lucas of JPMorgan and Sandy Kaul of Franklin Templeton have been named co-chairs of the DAMS, highlighting the increasing collaboration between traditional finance and the crypto sector. Other notable appointments to the subcommittee include key figures from major crypto companies like Uniswap Labs, Aptos Labs, and Chainlink Labs, as well as BNY Mellon.
The appointments come as the CFTC, under Acting Chair Caroline D. Pham, launches a "Crypto Sprint" to clarify regulatory frameworks and address the overlapping authority with the Securities and Exchange Commission (SEC). This effort is supported by new legislative proposals, such as the revised Responsible Financial Innovation Act of 2025, which aims to provide clearer definitions for crypto activities like airdrops and staking rewards.
This decisive shift in the U.S. regulatory landscape, coupled with President Trump’s crypto-friendly legislative agenda, marks a significant step toward defining a clear and effective regulatory path for the digital asset industry.
September 2025, Cryptoniteuae