The Commodity Futures Trading Commission’s acting chair, Caroline Pham, removed the agency’s head of human resources, who was leading an internal investigation into staff complaints against Pham for creating a hostile work environment,

Chairman Caroline Pham has issued a statement defending herself against claims made in a Bloomberg article. Pham was appointed Acting Chair as the Trump Administration took over the federal bureaucracy.

According to the CFTC’s announcement, the new structure will “more efficiently utilize the CFTC’s resources to prevent fraud, manipulation and abuse and ensure market integrity” as well as “provide enhanced governance and oversight of enforcement matters to prevent overreach and enhance consistency, fairness and due process.”

Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would be winding down its practice of regulation by enforcement, likely impacting its approach to crypto firms during the Trump administration.

Election event contracts offered by platforms like Kalshi Inc. stand to receive the Commodity Futures Trading Commission’s blessing under new acting Chairman Caroline Pham, who as a dissenting commissioner called for the agency to regulate political contract markets.

The U.S. Commodity Futures Trading Commission will reorganize its Division of Enforcement's task forces to end "regulation by enforcement" and instead focus on combating fraud and helping victims, CFTC's acting chairman said on Tuesday.