[CFTC Chairman Appoints Veteran Crypto Lawyer Passalacqua as Senior Advisor] BlockBeats News, January 21, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the appointment of veteran crypto lawyer Michael Passalacqua as Senior Advisor to the CFTC. Passalacqua has extensive experience in cryptocurrency and blockchain litigation. Previously, Michael Passalacqua participated in drafting a letter that prompted the U.S. Securities and Exchange Commission (SEC) to issue a no-action letter, allowing state-chartered trust companies to serve as cryptocurrency custodians. As the CFTC's role in cryptocurrency regulation becomes increasingly significant, the appointment of an experienced advisor in the crypto field represents the CFTC's efforts to make its regulatory approach 'future-oriented.'