The U.S. Commodity Futures Trading Commission (CFTC) has appointed Michael Passalacqua, a seasoned cryptocurrency lawyer, as a senior advisor. Announced by CFTC Chairman Michael Selig on January 21, Passalacqua brings extensive experience in cryptocurrency and blockchain litigation to the role. His previous work includes drafting a letter that led to the SEC's no-action letter, allowing state-chartered trust companies to serve as cryptocurrency custodians. This appointment underscores the CFTC's commitment to enhancing its regulatory framework in the evolving crypto landscape.