PANews reported on December 18th that, according to The Block, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), will join the cryptocurrency finance company MoonPay in a new position after her term at the CFTC ends. Pham had previously stated that she planned to leave the CFTC once a new chair was confirmed.

MoonPay CEO Ivan Soto-Wright posted on the X platform, stating, "Pham's leadership at the CFTC shaped numerous policies that expanded financial freedom and fueled crypto innovation. Today, we will translate those advancements into tangible results for our global users and partners." MoonPay also stated in a post that Pham will join MoonPay as Chief Legal Officer and Chief Administrative Officer after stepping down as Acting Chairman of the CFTC. Mike Selig, the agency's latest nominee under President Trump, is expected to have his confirmation hearing this week. A MoonPay spokesperson indicated that Pham's specific start date is yet to be determined, as Selig has not yet been confirmed as CFTC Chairman.