BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel
BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator.
Caroline Butler, the global head of digital assets at BNY Mellon, and Sandy Kaul, the head of digital and industry advisory services at Franklin Templeton, will lead the subcommittee, which focuses specifically on digital assets.
Caroline Pham, a commissioner with the Commodity Futures Trading Commission, announced the appointments in a Friday press release.
The Digital Assets Market Subcommittee is part of the CFTC's broader initiative to address issues related to US capital markets and make recommendations on policies regarding derivatives and trading platforms.
With the inclusion of BNY Mellon and Franklin Templeton, there are now a total of 128 members across the CFTC's various committees and subcommittees.
"BNY Mellon is committed to playing a leadership role in shaping the future of finance for the betterment of our clients and the broader ecosystem," commented Butler in a statement.
In addition to BNY Mellon and Franklin Templeton, the Digital Assets Subcommittee includes representatives from various crypto companies such as Coinfund, Crypto.com, and Uniswap.
Wall Street is also represented, with members from BlackRock, DRW, and Goldman Sachs included in the subcommittee.
Furthermore, Nadine Chakar, CEO of Securrency, which provides blockchain consulting and development services, has joined the parent committee of the CFTC's Global Markets Advisory Committee (GMAC), along with Kevin Kennedy from Nasdaq.
Chakar previously held a position as a crypto executive at State Street.
The GMAC, along with its subcommittees, aims to assist the regulator in navigating
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