The US Commodity Futures Trading Commission announced Monday that former federal prosecutor David Miller will serve as the agency’s new Director of Enforcement, a key role for crypto regulation.
Key CFTC AppointmentThe appointment comes as newly installed CFTC Chairman Michael Selig reshapes the agency’s leadership. Selig joined the commission in late December and has since begun rebuilding staff ranks.
In a statement, Miller said he is eager to support the chairman’s agenda:
Under Chairman Selig’s leadership, I look forward to working closely with the talented Commission staff to advance the chairman’s mission of fostering innovation and protecting the integrity of U.S. markets, including from fraud, abuse, and manipulation.
End Of Regulation By Enforcement In CryptoBefore returning to public service, Miller worked in private practice, where he represented clients in several digital asset cases brought by US authorities.
His recent work included defending a manager at a nonfungible token (NFT) platform who faced wire fraud and money laundering charges, as well as a former Coinbase product manager accused of insider trading.
I’m delighted to announce David Miller as Director of Enforcement. The era of regulation by enforcement and witch hunts targeting crypto and other transformative industries is over. David will focus the division on policing fraud, manipulation and abuse — not policymaking.
The leadership change has been widely interpreted within the industry as aligning with President Trump’s stated ambition to position the United States as “the crypto capital of the world.”
The committee is intended to provide the regulator with current, technical insight as it evaluates potential rules covering derivatives, market structure, token classification and related issues.
Featured image from OpenArt, chart from TradingView.com
