In 2023, Commissioner Pham was the canary in the coal mine as to what seems to have been overzealous and controlling attorneys for the agency. -
Jim Thompson - Caroline Pham is a Republican commissioner at the little-known Commodity Futures Trading Commission (CFTC). It regulates derivatives and will, in the future, be tasked to regulate cryptocurrency.
They ran roughshod over a Canadian firm called Traders Global Inc., and it
cost the agency 3.2 million dollars. - The commission's attorneys claimed that Traders Global had committed fraud by wiring money from the Cayman Islands to Canada.
- In fact, the wires were for tax payments to the Canadian government.
- When confronted, Traders Global produced evidence that it was paying taxes.
- Canada also provided receipts to the CFTC...
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