🤑 Crypto Cowboys: CFTC Ropes in Wall Street Wranglers for Digital Roundup 🌪️

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The CFTC, that dusty old sheriff of the financial frontier, is saddling up for a digital duel, lassoing bigwigs from JPMorgan and Franklin Templeton to keep the crypto outlaws in line. 🦅✨

In a move that’d make a prospector blush, the U.S. Commodity Futures Trading Commission (CFTC) announced on Sept. 19 that it’s beefing up its Global Markets Advisory Committee (GMAC) with some highfalutin financial cowboys. Acting Chairman Caroline D. Pham, the new marshal in town, is putting Scott Lucas, head honcho of Markets Digital Assets at J.P. Morgan, in the saddle as co-chair of the Digital Asset Markets Subcommittee. His sidekick? Sandy Kaul, a sharp-shooting executive from Franklin Templeton. 🤠💼

Pham, with a straight face and a gleam in her eye, tipped her hat to the subcommittee’s past exploits:

“These folks ain’t just talkin’ the talk; they’ve been wranglin’ policies and global chatter about digital gold rushes and market shenanigans.”

She also tipped her hat to Caroline Butler, the trailblazer who helped corral the first U.S. digital asset taxonomy and kept the tokenized cattle from stampeding.

Lucas, ever the smooth-talking gunslinger, promised to “build a corral so tight, even the slickest crypto cowboys can’t slip through.” Kaul, meanwhile, warned about the digital frontier’s wild ways, sayin’, “We gotta keep the innovation wagon rollin’ while makin’ sure no investor gets left in the dust.” 🌵🚀

But the CFTC didn’t stop there. They rounded up a whole posse of new subcommittee members, each with a trick up their sleeve. Katherine Minarik from Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill from BNY, and Ben Sherwin of Chainlink Labs joined the fray. These folks know their way around decentralized trails, blockchain badlands, and smart contract saloons. Together, they’re a brain trust ready to tame the wildest corners of the digital frontier. 🧠⚡

This ain’t just a local dust-up, neither. The CFTC’s “Crypto Sprint” is in full gallop, aiming to stake the U.S. claim in the digital gold rush. With Pham at the reins and the SEC as their partner in Project Crypto, they’re fixin’ to rein in leveraged trading and margined shenanigans. Public feedback’s open, but don’t expect the outlaws to go quietly. Critics are hollerin’ about overreach, while supporters see it as the only way to keep the U.S. atop the digital heap. 🏇🇺🇸

So, grab your hat and hold on tight-the crypto roundup’s just beginnin’, and these Wall Street wranglers mean business. 🤹♂️💸

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2025-09-20 07:57