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Crypto.com, a leading cryptocurrency platform with more than 80 million users worldwide, announced on June 30 that its global head of derivatives, Steve Humenik, had been appointed to the Digital Asset Markets Subcommittee of the Global Markets Advisory Committee (GMAC) of the U.S. Commodity Futures Trading Commission (CFTC):
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 central role in providing advice 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 providing information and recommendations on a wide range of issues consistent with how the United States conducts international business and establishes regulations. He will also be responsible for:
“the regulatory challenges of a global market and the multinational nature of business, including for derivatives markets; and to assess and inform international standards through engagement with international policy makers and authorities in other jurisdictions.
As an important milestone for Humenik, he will continue his career working towards strong crypto regulation – and more – in the United States. “I look forward to working closely with my fellow subcommittee members and representatives from the CFTC and GMAC to collaboratively solve some of today’s biggest challenges for global businesses and digital asset markets in particular. “
Humenik joined Crypto.com in July 2022 and has since played a crucial role in the development and launch of the company’s derivatives portfolio, including UpDown Options, a CFTC-regulated crypto derivatives product for users in the North. -Americans.
128 management and sub-committee members were appointed to various CFTC subcommittees on June 30. Commissioner Caroline D. Pham, Patron of the Global Markets Advisory Committee (GMAC), said, “International collaboration and coordination are essential to promote financial stability and market access. The deep expertise and seasoned experience of our members will be invaluable in providing pragmatic recommendations for regulatory reform.