CFTC Names Ex-Prosecutor David Miller Enforcement Chief, Signals Crypto Reset Clickable image
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CFTC Names Ex-Prosecutor David Miller Enforcement Chief, Signals Crypto Reset



The U.S. Commodity Futures Trading Commission named former federal prosecutor David Miller its new Director of Enforcement on Monday — a high-stakes pick for crypto regulation as the agency resets under new leadership.

Miller comes to the CFTC from the U.S. Attorney’s Office in Manhattan, where he built a reputation in the securities and commodities fraud task force handling complex, high-profile financial prosecutions, Reuters reported. Before rejoining government service he worked in private practice defending clients in notable digital-asset cases, including a manager at an NFT platform facing wire-fraud and money-laundering charges and a former Coinbase product manager accused of insider trading.

The appointment is part of a broader personnel overhaul by newly installed CFTC Chairman Michael Selig, who joined the commission in late December and has been rebuilding staff after a period of significant attrition. The agency’s ranks thinned during the previous administration, and Selig currently serves as the sole political appointee on what is traditionally a five-member, bipartisan commission.

Both men framed the hire as signaling a change in enforcement philosophy. Miller said he looks forward to supporting “the chairman’s mission of fostering innovation and protecting the integrity of U.S. markets, including from fraud, abuse, and manipulation.” Selig declared on social media that “the era of regulation by enforcement and witch hunts targeting crypto and other transformative industries is over,” adding that Miller will “focus the division on policing fraud, manipulation and abuse — not policymaking.”

Industry observers have read the move as consistent with President Trump’s stated goal of positioning the U.S. as “the crypto capital of the world.” In a related push to engage the sector, the CFTC in mid-February launched an Innovation Advisory Committee made up of 35 representatives from major exchanges, blockchain firms and other industry players. The committee’s remit is to give the regulator current technical insight as it considers rules on derivatives, market structure, token classification and other digital-asset issues — part of Selig’s stated effort to align commission decisions with real-world market dynamics and what he has dubbed a “Golden Age of American Financial Markets.”

The leadership changes and new advisory structure mark a turning point for the CFTC’s approach to crypto: balancing a stated priority on fostering innovation with a renewed focus on traditional enforcement against fraud and market manipulation.

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