As per PANews, multiple developments in the global crypto and financial sectors were reported. In the U.S., sources indicate that President Trump may appoint a new Federal Reserve Chair in the first week of January 2026. Caroline D. Pham has stepped down as acting chair of the CFTC, with Michael Selig taking over as the 16th chair. Selig, previously with the SEC’s crypto task force, aims to establish 'common-sense' regulations to position the U.S. as a global crypto capital. In Africa, Ghana’s parliament passed a bill to legalize cryptocurrencies, responding to the growing unregulated use of Bitcoin. Meanwhile, JPMorgan is reportedly evaluating the possibility of offering crypto trading services to institutional clients, aligning with broader banking sector moves into digital assets.
Global Crypto and Market Updates: Trump to Appoint New Fed Chair, CFTC Leadership Change, and Major Institutional Moves
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Summary
Liquidity and crypto markets remain in focus as U.S. President Trump is set to name a new Federal Reserve Chair in early January 2026. Caroline D. Pham has left her role as acting CFTC chair, replaced by Michael Selig, who previously worked on the SEC’s crypto task force. Selig plans to push for 'common-sense' regulations to boost the U.S. crypto sector. In Ghana, parliament passed a bill to legalize cryptocurrencies, addressing rising Bitcoin use. JPMorgan is also considering crypto trading for institutional clients. Meanwhile, Countering the Financing of Terrorism remains a regulatory priority as digital assets expand.
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