The Desk: March Edition

I was part of the generation that played with and traded Pogs – now worthless collectibles in the form of cardboard circles that we assigned value to solely based on the cartoon or picture on the Pog's face. The SEC recently came out with a similar analysis of Meme Coins in a statement confirming Meme Coins are indeed not securities, but instead more like collectibles.

In other news from last month, we found out that Brian Quintenz was nominated by President Trump to serve as the next CFTC Chair. See our synopsis on Quintenz below. If and when Quintenz is confirmed—TBD on when the Senate vote will take place—there has been no news yet about where Acting Chair Pham may end up. In the meantime, however, she has been focused on reshaping the CFTC in a manner that "implements the Administration's Executive Order" and her own principles set forth in her past dissenting opinions, which we summarized in last month's The Desk. Commissioner Christy Goldsmith Romero has