[Acting CFTC Chair Recruits CEO for Innovation Council Amid Expanded Crypto Oversight] According to The Block, Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), is seeking a corporate CEO to strengthen the newly established CEO Innovation Council. The council aims to enhance its efforts as the agency expands its oversight of digital assets. On Tuesday, Pham announced that she is soliciting nominations for the council, with a submission deadline of December 8. As related bills in both the House and Senate are expected to grant the agency broader regulatory authority over digital assets, the CFTC is poised to play a larger role in crypto regulation. However, the timeline for legislative action remains uncertain, with progress stalled and previous targets missed. In the meantime, the agency has launched a 'crypto sprint' initiative focused on clarifying cryptocurrency-related rules and plans to roll out spot trading products next, including leveraged products.