Caroline Pham, the primary advocate for Digital assets “regulatory sandbox” U.S. President Donald Trump is yet to pick a permanent chair for CFTC.

US elect President Donald Trump has picked Commissioner Caroline Pham as the acting Commodity and Futures Trading Commission chair. The CFTC confirmed the appointment via a press release on Jan. 20.

Trump selected Caroline Pham as the acting chair for the agency and she was voted in by the five members of the Commodity and Futures Trading Commission.

“I’m looking forward to engaging with all stakeholders in this new capacity as we focus on the CFTC’s mission to promote well-functioning markets that support economic growth and the competitiveness of the United States,” the acting CFTC chair said in a statement.

Pham, who worked with the former administration of Joe Biden, was the brain behind multiple projects at CFTC. At CFTC, she championed the digital assets regulatory framework. She promoted the creation of a Digital Asset Markets subcommittee that would come up with governance and risk management proposals.

She also promoted the digital assets “regulatory sandbox” in the US in 2023 setting ground for the emergence of new technologies and a pilot program for digital assets.

Donald Trump is yet to publicly declare the permanent holder of the chairperson’s post at CFTC. The current holder of the position Rostin Behnam had earlier this month reported that he planned to leave the office by Feb 7.

Speculations have that the former CFTC commissioner Brian Quintenz may be appointed as the chair of the agency.

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