20.09.2025 10:10
The Commodity Futures Trading Commission (CFTC) recently expanded its Global Markets Advisory Committee (GMAC) and various subcommittees, incorporating prominent figures from the digital asset sector. On a recent Friday, Acting Chair Caroline D. Pham formally announced several key appointments to the Digital Asset Markets Subcommittee (DAMS), drawing expertise from leading blockchain and fintech companies. Among the distinguished individuals named to DAMS were Katherine Minarik, Chief Legal Officer at Uniswap Labs; Ben Sherwin, General Counsel at Chainlink Labs; Avery Ching, Co-founder and Chief Technology Officer at Aptos Labs; and James J. Hill, Managing Director and Head of Structure Innovation at BYN. Further strengthening the subcommittee's leadership, Scott Lucas, Head of Digital Assets at JPMorgan, was appointed co-chair, a role he will share with Sandy Kaul, Executive Vice President at Franklin Templeton.
Beyond the core DAMS appointments, the CFTC's advisory groups saw additional significant additions. Robert Boonij, CEO of Eurex, was brought onto the GMAC, reflecting the committee's broad scope. Laura Fuson, Vice President and Head of Futures at Cboe Global Markets, joined as a member of the Global Markets Subcommittee (GMSS). Additionally, Brad Sullivan, COO of ICE Futures, was designated a member of the Technical Issues Subcommittee (TISS), ensuring a wide array of industry perspectives across the commission's advisory bodies.
Acting Chair Pham underscored the strategic importance of these selections, particularly highlighting the invaluable contributions anticipated from the new members. She also took the opportunity to commend Caroline Butler, a previous co-chair, for her exemplary service in advancing regulatory clarity, including her pivotal role in developing the inaugural U.S. digital asset taxonomy and pioneering proposals for tokenized non-cash collateral. Pham expressed confidence that Scott Lucas's extensive background in distributed ledger technology and the broader digital ecosystem would prove indispensable to the subcommittee's future endeavors.
Expressing his enthusiasm for the new role, Scott Lucas remarked on his anticipation of collaborating with the Commission and industry stakeholders to forge clear and effective regulatory frameworks essential for a well-structured digital asset market. Similarly, Sandy Kaul acknowledged the critical contributions of both GMAC and DAMS in supporting President Donald Trump's Working Group, which has been instrumental in shaping the current compliance programs governing digital assets, according to statements found in internet sources.
