Commodity Futures Trading Commission Chairman Michael S. Selig announced the expansion of his office. Michael Passalacqua and Cal Mitchell have joined the team. Both step in as senior advisors, bringing blockchain legal expertise and Washington connections to the agency.
Legal Background
Passalacqua comes to the regulator from the New York office of Simpson Thacher & Bartlett LLP. There, he focused on financial regulatory matters concerning cryptocurrencies and blockchain. He helped the industry secure no-action relief for state-chartered trust companies acting as digital asset custodians.
Previously, Passalacqua worked in the Digital Works practice at Willkie Farr & Gallagher LLP. Earlier in his career, he served as assistant general counsel at a crypto capital markets firm, where he managed transactions and navigated regulatory issues.
Senate Connections
Mitchell moves to the CFTC from the U.S. Department of the Treasury. In the Office of Legislative Affairs, he managed the confirmation process for President Trump’s nominees, guiding them through every stage of the Senate hearings.
Prior to joining the Trump administration, Mitchell served as a personal aide to Senator Bill Hagerty. He advised the Senator on communications strategy and external affairs.
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