Caroline Pham , the acting chair of the Commodity Futures Trading Commission (CFTC), has performed a major shakeup in leadership positions at the commission. This came just a few days after her appointment with President Donald Trump. In a statement released by Pham, several leadership positions were filed, including the commission’s market oversight and enforcement divisions. The switch also affected its crypto outreach initiatives. Key CFTC Appointments Signal a Shift in Leadership Some notable changes include the appointment of Harry Jung as acting chief of staff. The former policy adviser to Pham will now oversee the CFTC’s engagement with crypto, decentralized finance (DeFi), and other digital assets. Other key appointments include Meghan Tente as Acting General Counsel. Taylor Foy as Acting Director of the Office of Public Affairs, and Tom Smith as Acting Director of the Market Participants Division. Tente has occupied several roles at the CFTC, including Acting Director of the CFTC’s Division of Market Oversight. Foy has spent almost 14 years on Capitol Hill, working in communication roles. This involved developing public messages on tax and trade policy. Smith has served as CFTC Deputy Director for almost 20 years, where his primary responsibilities involved segregation of customer funds, swap deals, and contracts market. CFTC’s Record-Breaking Enforcement Efforts Pham’s shakeup comes as the agency continues its enforcement efforts in the sector. The CFTC’s effort resulted in a record-breaking $17.1 billion monetary relief for fiscal year 2024. This includes $2.6 billion in civil monetary penalties and $14.5 billion in restitution, mostly from crypto-related cases. One notable case of the CFTC involved the FTX case, which raked in $12.7 billion . This marked the largest recovery in CFTC history. Crypto Stakeholders Welcome the Changes Crypto stakeholders have lauded the changes, noting that they could positively affect the industry. Jung, a legal expert with years of experience at Morgan Stanley and CitiBank, could bring about significant changes. According to crypto trader Monolith, Jung’s background might signal new regulatory approaches in the industry. On his part, Christopher Perkins, CoinFund President, said he looked forward to the productive engagements that would occur with crypto under Jung’s leadership. Many enthusiasts look forward to significant crypto-friendly changes in the President Trump-led administration . The post CFTC Chair Caroline Pham Reshuffles Top Roles: Details appeared first on TheCoinrise.com .
The Coin Rise
You can visit the page to read the article.
Source: The Coin Rise
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Missed DOGE’s Early Days? Could Remittix Be the Next Big Crypto of 2025?
Dogecoin got its start in 2013 but took a leisurely stroll through the crypto world with little excitement until 2021. That`s when things really heated up for Dogecoin. It initially crept up and then skyrocketed, climbing a staggering 60,000% in just two months. While Dogecoin`s glory days are a thing of the past, many sharp investors have their sights set on a new venture that might witness a similar meteoric rise: Remittix . This dynamic PayFi initiative addresses significant issues in the booming cross-border payments industry, prompting analysts to anticipate substantial price hikes in the near future. So, how is Dogecoin (DOGE) performing now, and what potential does Remittix (RTX) hold for 2025? Dogecoin (DOGE) Registers 20.13% Monthly Increase Dogecoin finds itself in a new phase, currently 49.74% below its all-time high from years ago. As 2025 began, Dogecoin (DOGE) was on shaky ground due to significant volatility, but it has managed to secure a 20.15% gain over the past month. Technical analysis indicates that Dogecoin (DOGE) is forming a bullish reversal pattern known as a rounding bottom. Nonetheless, some investors are branching out into emerging projects like Remittix that offer utility and promise more stable returns over time. Remittix Revolutionizes Global Payments Remittix is simplifying global transactions in a lucrative market valued at $190 trillion today, projected to grow to $290 trillion by 2030. Combining crypto with traditional FIAT systems through its innovative PayFi system, Remittix is swiftly becoming one of the fastest-growing cryptocurrencies of 2025. Remittix (RTX) allows users to convert more than 40 cryptocurrencies into fiat, enabling direct bank account transfers worldwide. Unlike conventional payment systems bogged down with excessive fees and sluggish processing times, Remittix (RTX) offers straightforward pricing and rapid transactions. Its transparency and cost-effectiveness make it a standout in the competitive financial landscape. A highlight of Remittix (RTX) is its robust Remittix Pay API. This tool empowers businesses to accept crypto payments and convert them to fiat for deposit into their preferred bank account. This provides freelancers and merchants with greater flexibility, allowing them to handle over 40 fiat currencies and more than 50 cryptocurrency pairs. Another appealing feature is the multi-currency wallet on the platform, which lets users manage numerous fiat and crypto assets from a single account. This makes it particularly attractive for freelancers, international businesses, and digital nomads engaging in frequent cross-border transactions. Remittix Surpasses $5.2 Million in Presale Remittix (RTX) is making waves in its presale, with tokens priced attractively at just $0.0282. As projects with real-world utility gain traction in the crypto arena, Remittix stands out for addressing tangible issues. Analysts foresee a remarkable price increase of 800% by the end of the presale. Positioned to lead in the lucrative cross-border payments sector, Remittix is a project not to be ignored in 2025. Explore the future of PayFi with Remittix by visiting their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. The Coin Rise
DOGE and TRUMP ETFs May be Coming But Should Institutional Investor Trade Them?
It took institutions over a decade to take bitcoin (BTC) seriously as an investment vehicle, even though well-known financial pioneers had embraced the largest cryptocurrency on the market years earlier. But not even one year after the launch of the spot bitcoin exchange-traded funds (ETFs) which saw adoption from pension funds, hedge funds and even universities, one issuer is taking it a step further . The latest filings with the Securities and Exchange Commission aim to bring meme coin ETFs — such as those tracking dogecoin (DOGE) or U.S. President Donald Trump’s Trump coin (TRUMP) — to the market. This isn’t just a bold move because DOGE and TRUMP are far less established and legitimate tokens, especially in Wall Street’s eyes, but meme coins provide no actual utility, unlike bitcoin or Ethereum`s ether (ETH). Their value simply comes from how much people believe it is worth making the launch of an ETF tracking the coins an ethical debate. “Opinions vary greatly on the value of meme coins. I fail to see their long-term value, but others have different opinions,” said James Angel, faculty affiliate at Georgetown University’s McDonough’s Psaros Center for Financial Markets and Policy. “However, a sponsor of an ETF based on meme coins needs to be very careful in the marketing of the ETF. It would be highly unethical to market such an ETF as a prudent investment vehicle.” Steve McClurg, former CEO of Valkyrie and founder Canary Capital, a hedge fund that has applied for several non-meme coin crypto ETFs, said he is personally not a fan of memecoin ETFs and that while the firm considered filing an application, it ultimately decided not to. “I don`t know how you can be a fiduciary who runs an ETF knowing that the basis of your underlying [asset] is meant and designed to go to zero,” he said. Although meme coins aren’t technically designed to go to zero, they are highly susceptible to collapsing once the hype around them dies down. Nevertheless, he believes that memecoin ETFs will eventually be approved. The former SEC under Chair Gary Gensler, who resigned on Monday after Trump became President, has so far approved several spot bitcoin and Ethereum ETFs but refused to acknowledge a potential Solana (SOL) ETF, for which several issuers had filed initial documents. More than 30 other applications are still pending, three of them being tied to memecoins. “It’s very hard for the SEC where the President chooses the commissioners to deny a meme coin put out by the President,” he said. Meme coins have long divided the crypto community. Some find them fun to trade, as they can quickly bring in a large profit through so-called pump-and-dumps, but others find them troubling, especially when issued by the country`s president. “Call me old fashioned but I think presidents should focus on running the country and not launching scam tokens,” said Nic Carter, crypto influencer and venture capitalist, in a post on X . Carter has been a vocal Trump supporter. Carter believes that there are multiple conflicts of interest when presidents start or run a business, let alone launch a cryptocurrency or DeFi protocol that they set policy for. Newly inaugurated President Donald Trump last year introduced a crypto lending platform called World Liberty Financial . The Coin Rise