On September 19, 2025, the US Commodity Futures Trading Commission (CFTC) did something bafflingly ambitious: it formed a committee. Not just any committee, mind you-this one’s called the Global Markets Advisory Committee and its Digital Asset Markets Subcommittee. It’s like naming a task force to find the meaning of life while also sorting out the coffee budget. 🤷♂️
Meet the New Bosses (Same as the Old Bosses, But With More Jargon)
Scott Lucas of J.P. Morgan and Sandy Kaul from Franklin Templeton are now co-chairs of the Subcommittee. Because nothing says “innovation” like letting Wall Street’s finest reinvent the wheel. 🚀💼
The CFTC also drafted Katherine Minarik (Uniswap Labs), Avery Ching (Aptos Labs), James J. Hill (BNY Mellon), and Ben Sherwin (Chainlink Labs). Acting Chair Caroline D. Pham announced the lineup like it was a Marvel movie trailer. 🎬
Congrats to @chainlinklabs General Counsel Ben Sherwin on his appointment to the @CFTC’s Digital Asset Markets Subcommittee of the Global Markets Advisory Committee! @chainlink 🙌
– Caroline D. Pham (@CarolineDPham) September 19, 2025
Why Care? (Spoiler: You Might Not Have a Choice)
The CFTC is trying to become crypto’s favorite babysitter. They’re eyeing spot crypto trading on futures exchanges-because why let the SEC have all the fun? 🐈⬛📜
Acting Chair Pham claims this committee is the bridge between “market practice” and “rulemaking.” Translation: they’ll tell regulators how to herd cats without getting scratched. 🤝
Conflict of Interest? No, Just a Friendly Game of Poker
Putting JPMorgan and Uniswap in the same room is like inviting vampires and vegans to a barbecue. 🧛🍽️ One side wants rules to print money; the other wants… decentralization? We’ll see how that plays out.
Consumer groups are probably sobbing into their oat milk lattes, begging for safeguards. Meanwhile, the CFTC’s unfilled commissioner seats mean these advisors are now the *real* party planners. 🎉
In the end, this committee might either turbocharge crypto approvals or bury innovation under 10,000 pages of legalese. Buckle up. 🎲
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2025-09-21 18:15