Interesting news from the CFTC: they have just appointed Michael Passalacqua as a senior advisor, and frankly, it's a move that says a lot about how the US is taking crypto regulation seriously.

For those who don't know, Passalacqua is a lawyer who has built a solid reputation in the industry. He has worked for a long time at Simpson Thacher & Bartlett, a leading law firm, where he specialized in blockchain and cryptocurrency-related litigation. In short, this is not a random appointment.

What stands out about these announcements is the underlying message: the CFTC is clearly investing in specific expertise to navigate a rapidly changing sector. With someone like Passalacqua on the team, it's evident that the agency wants to strengthen its oversight and regulation capabilities in crypto.

Personally, I think this kind of announcement reflects a broader trend. US regulators are no longer improvising: they are building dedicated teams with real sector expertise. For the market, this means greater regulatory clarity on the way, even if probably with some additional restrictions. But that’s the price of institutional legitimacy.