This week, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham announced new members of the Global Markets Advisory Committee and subcommittees, including the Digital Asset Markets Subcommittee (DAMS).
Established in 2023 to promote effective regulation and responsible innovation that fosters digital asset adoption within the traditional financial system, DAMS’ four new crypto industry leaders include Uniswap Labs’ chief legal officer, Katherine Minarik; Aptos Labs’ co-founder and chief technology officer, Avery Ching; BNY’s managing director and head of structure innovation, James J. Hill; and Chainlink Labs’ general counsel, Ben Sherwin.
“The Global Markets Advisory Committee continues to provide invaluable expertise that has not only shaped policy decisions at the CFTC, but has also added important context to global discussions about emerging trends in market structure and the regulatory treatment of digital assets,” said Acting Chairman Pham in an official announcement.
Scott Lucas, head of digital assets at JPMorgan, and Sandy Kaul, executive vice president at Franklin Templeton, were also appointed to succeed Caroline Butler as DAMS’ new co-chairs.
These latest appointments reflect growing institutional adoption of stablecoins and tokenized real-world assets (RWAs), with more than $30 billion in real-world assets already tokenized onchain. Because RWAs confer benefits such as fractionalization and programmability with better liquidity, transparency, and risk management, the space could reach $10 trillion by 2030.
To unlock their full potential, RWAs must be continuously enriched with high-quality offchain data. Having enabled over $25 trillion in transaction value, Chainlink has emerged as the preferred way for financial institutions to obtain key information such as pricing, net asset value (NAV), and reserve data for RWAs onchain.
Sherwin’s DAMS appointment expands Chainlink’s ongoing work with policymakers to ensure the U.S. digital asset economy thrives and sets the standard for a global method of tokenization.
Chainlink co-founder Sergey Nazarov was at the White House this summer when President Trump signed the GENIUS Act, a landmark bill establishing the first federal guardrails for US dollar-pegged stablecoins, into law.
A July White House Digital Asset Report, which includes recommendations for clarifying CFTC and SEC jurisdiction, also highlights Chainlink’s key role in the digital asset economy, by providing critical infrastructure for powering stablecoins and RWAs onchain.