Singapore, June 30, 2023 – Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, is pleased to announce the appointment of Steve Humenik, Global Head of Derivatives Legal at Crypto.com, to the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee.
As a Subcommittee member, Humenik will focus on providing guidance and recommendations to GMAC on key issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business, such as regulatory challenges of a global marketplace and the multinational nature of business, including for derivatives markets; and assessing and informing international standards through engagement with international policymakers and authorities in other jurisdictions. The Subcommittee will also explore identifying and assessing key issues and policy proposals with respect to digital asset markets, including digital finance and tokenization of assets, non-financial activities and Web3, and blockchain technology.
“Steve’s expertise in the derivatives market and regulatory matters has been a tremendous asset for Crypto.com, and we are excited for Steve to be able to lend that expertise to broader matters,” said Nick Lundgren, EVP, Head of Legal at Crypto.com. “Steve’s appointment is a testament to not only his proficiency but also his proactive approach to stakeholder engagement.”
“It is a great honor to be selected by the CFTC and GMAC to support the Digital Assets Market Subcommittee,” said Steve Humenik. “I look forward to working closely with my fellow Subcommittee members and CFTC and GMAC representatives to collaboratively solve some of today’s greatest challenges for global enterprises and digital asset markets specifically.”
Humenik joined Crypto.com in July 2022 and has been instrumental in developing and launching Crypto.com’s derivatives product portfolio. This includes Crypto.com Derivatives | North America’s UpDown Options, a CFTC-regulated crypto derivatives product.
Founded in 2016, Crypto.com is trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.
Learn more at https://crypto.com.