The U.S. Commodity Futures Trading Commission (CFTC) has appointed Michael Passalacqua as senior counsel, highlighting its ongoing focus on cryptocurrency regulation. According to NS3.AI, Passalacqua is a lawyer with expertise in cryptocurrency litigation, having previously worked at Simpson Thacher & Bartlett where he concentrated on blockchain and crypto-related legal cases. This appointment underscores the CFTC's commitment to strengthening its regulatory oversight in the rapidly evolving cryptocurrency sector.