Crypto.com Executive Goes to Washington
Share this article
Crypto.com, a leading cryptocurrency platform with over 80 million global users, announced on June 30 that its global head of derivatives legal, Steve Humenik, has been appointed to the U.S. Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee:
is proud to announce the appointment of Stephen Humenik as Global Head of Derivatives Legal. pic.twitter.com/mXChHSNpUv
— Crypto.com (@cryptocom) July 19, 2022
The Subcommittee plays a pivotal role in providing guidance on issues that impact the integrity and competitiveness of U.S. markets, including regulatory challenges in the global marketplace, blockchain and Web3 development, tokenization of digital assets, derivatives and more
Humenik’s role will focus on delivering insights and recommendations on a wide array of issues in accordance to how the U.S. conducts international business and establishes regulation. He also will be tasked with:
“regulatory challenges of a global marketplace and the multinational nature of business, including for derivatives markets; and assessing and informing international standards through engagement with international policymakers and authorities in other jurisdictions.”
As a significant milestone for Humenik, he will continue his career working toward sound crypto regulation — and not only — within the United States. “I look forward to working closely with my fellow Subcommittee members and CFTC and GMAC representatives to collaboratively solve some of today’s greatest challenges for global enterprises and digital asset markets specifically.”
Humenik joined Crypto.com in July 2022 and has since played a crucial role in the development and launch of the firm’s derivatives product portfolio, including the UpDown Options, a CFTC-regulated crypto derivatives product aimed at North American users.
128 leadership and subcommittee members were appointed to various subcommittees of the CFTC on June 30. Commissioner Caroline D. Pham, sponsor of the Global Markets Advisory Committee (GMAC), stated: “International collaboration and coordination are critical to promoting financial stability and access to markets. The deep expertise and seasoned experience of our members will be invaluable in proposing pragmatic recommendations for regulatory reform.”
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
