Christy Goldsmith Romero, one of four commissioners at the Commodity Futures Trading Commission, will leave the Federal Regulator By the end of the monthHe announced on Friday.
Goldsmith Romero joins fellow Tag -Summer Mersinger Commissioner, announced earlier this week He will leave on May 30 after named the next CEO of the Blockchain Association, a Washington, DC-based lobbying group for the crypto industry.
In a statement, Goldsmith Romero said the derivatives market, administered by the agency, “experienced significant growth as the remaining resilient and financially stable through times of stress on the market and volatility” in his time at the commission.
“I also want to meet members of the CFTC Technology Advisory Committee, who have been sponsored, for their reports on landmarks and public forums in the future of financial issues,” he said. “… Under my sponsor, TAC released Landmark reports to responsible AI in financial markets and decentralized finances, and sponsored public forums in AI, cybersecurity, blockchain, digital identity and digital assets.”
Acting Chairman Caroline Pham is set to leave as soon as possibleCoinDesk reported earlier this week. Pham told people that he was leaving after former commissioner Brian Quintenz, President Donald Trump’s choice to lead the agency, was confirmed by the Senate.
Goldsmith Romero had previously announced his removal from the CFTC, It was also tied to Quintenz’s confirmation. However, the Senate agricultural committee has not yet scheduled a confirmation hearing for Quintenz. After that hearing, a vote must be scheduled to schedule a vote. Quintenz will then need to be confirmed by a majority of the entire Senate, and only then will he curse.
Goldsmith Romero’s departure on May 31 will leave the CFTC with only two commissioners, and that number will likely remain static after Quintenz’s confirmation until Trump dominates up to three more commissioners (two Republicans and a Democrat) to fill the empty seats.
