CFTC poaches Pantera Capital's legal counsel, citing digital asset experience

cointelegraph.com:

Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel.

Announcing the move on July 26, commissioner Romero pointed to Cisewski’s 14 years of experience working across the CFTC, Securities and Exchange Commission (SEC) and crypto venture fund Pantera Capital.

“Joe’s unique combination of public and private sector experiences will serve us well as we take bold steps to ensure the resilience of our markets, protect investors and market participants,” she said, adding:

Prior to this new role, Cisewski most recently served as the general counsel to Pantera Capital, which claims to have 100 venture investments and $5.1 billion assets under management (AUM).

He provided the firm with legal and regulatory guidance relating to the firm’s funds and investment advisors, while also engaging with regulators over Pantera’s projects and portfolio companies.

In May, Cisewski attended a roundtable between crypto industry professionals and the CFTC in which potential regulation relating to the clearing of margin products (including crypto) without a futures commission merchant (FCM) intermediary was discussed.

In his previous stint at the CFTC, Cisewski served as the senior special Counsel and policy advisor to former commissioner Mark Wetjen, who similarly to Cisewki, left the public sector to take up a role at major crypto exchange FTX as its head of policy and regulatory strategy late last year.

Alongside the SEC, the CFTC shares a major role in the regulation of crypto in the U.S., and its role could soon outweigh that of the SEC’s if the Responsible Financial Innovation Act tabled by